$11,750,000

Residential Income In El Cajon

  • 74 Beds
  • 72 Baths
  • 32,800 Sqft
  • 1.67 Ac lot
  • Updated: May 29
  • 1
  • Source:
    San Diego MLS  MLS#260010489

About the Property

Price reduced $1,450,000. We are pleased to present Hart Townhomes, a 24-unit townhome community in El Cajon offered by the original developer. - Built 1991, comprehensively renovated 2016 to 2019 - 22 three bedroom homes (1,350 SF) and 2 four bedroom homes (1,550 SF) - Every home: attached duet, two car garage, private yard, fireplace, in-unit laundry - Tentative map contemplating individual town
Price reduced $1,450,000. We are pleased to present Hart Townhomes, a 24-unit townhome community in El Cajon offered by the original developer. - Built 1991, comprehensively renovated 2016 to 2019 - 22 three bedroom homes (1,350 SF) and 2 four bedroom homes (1,550 SF) - Every home: attached duet, two car garage, private yard, fireplace, in-unit laundry - Tentative map contemplating individual townhome sales - 98% historical occupancy with four plus year average tenant tenure - In-place rents approximately 12% below market - Comparable El Cajon townhomes averaged $681,000 over trailing twelve months - Only 22.8% of El Cajon apartments contain three bedroom units; just 2.3% include four bedroom units Stabilized cash flow with embedded mark-to-market upside and condominium disposition optionality.
  • Property type

    Other

  • Floors

    2

  • Price/sqft

    $358

Features

  • Garage
  • Garden
  • Fireplace
  • Renovated
  • Laundry Room

Explore the Area

445-523 Hart Drive, El Cajon, California, United States View on Google Maps
Price per sqft
Low
High

View 69 more listings in El Cajon

Newmark of Southern California - Los Angeles

Joined 10 months ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Newmark of Southern California - Los Angeles
California, United States
View agency profile
6
Listings
2025
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Newmark of Southern California - Los Angeles
Los Angeles, California, United States
View agency profile
Last updated
May 29
First listed
May 2
Listing reference
260010489
Listing status
Call

Start phone call with:

Hello, I’m calling for the property with the reference 260010489, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with