$4,700,000

Residential Income In El Cajon

  • 22 Beds
  • 20 Baths
  • 13,162 Sqft
  • 24,830 Sqft lot
  • Updated: July 25
  • 1
    Views for last 30 days
  • Source:
    San Diego MLS  MLS#260018202

About the Property

Northwinds Apartments is a 20-unit garden community at 340 Orlando Street in El Cajon, fully gated and built around a lush, meticulously maintained central courtyard. The property is 100% occupied with long resident tenure, averaging nearly four and a half years, and offers 18 one bedroom homes at 550 square feet and two two bedroom homes at 750 square feet, each with a private patio and generous
Northwinds Apartments is a 20-unit garden community at 340 Orlando Street in El Cajon, fully gated and built around a lush, meticulously maintained central courtyard. The property is 100% occupied with long resident tenure, averaging nearly four and a half years, and offers 18 one bedroom homes at 550 square feet and two two bedroom homes at 750 square feet, each with a private patio and generous storage. Eleven garages, nine with direct courtyard access, and ample additional gated parking serve the community. Built in 1977 and well maintained since, every unit shows in strong condition with quartz or granite countertops, and finish levels leave room for a moderate value-add program on turns. Central water heaters were replaced within the last five to six years. Gross rents sit roughly 11% below market, giving the next owner a clear path to income growth on an already stabilized asset in one of San Diego County’s tightest rental submarkets.
  • Property type

    Other

  • Floors

    2

  • Price/sqft

    $357

Features

  • Garage
  • Garden
  • Gated Community
  • Stone Countertops
  • Gate
  • Parking

Explore the Area

340 Orlando St, El Cajon, California, United States View on Google Maps
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Newmark of Southern California - Los Angeles

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Newmark of Southern California - Los Angeles
California, United States
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6
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2025
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Newmark of Southern California - Los Angeles
Los Angeles, California, United States
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Last updated
July 25
First listed
Jul 25
Listing reference
260018202
Listing status
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