1140 & 1146 E Lexington Ave, El Cajon, CA 92019
- $3,685,000
- 5
- BD
- 2
- BA
- 10,572
- SqFt
- Sold Price
- $3,685,000
- List Price
- $3,685,000
- Closing Date
- Nov 04, 2024
- Status
- CLOSED
- MLS#
- 240015800
- Bedrooms
- 5
- Bathrooms
- 2
- Living Sq. Ft
- 10,572
- City
- El Cajon
- Property Type
- Multifamily
Property Description
12 Turn Key Units with all of the Major Capital Improvements Completed. Current Owner recently installed and paid for Solar Panels eliminating most electric bills. In addition the roofs, windows, hot water heaters, parking gate, exterior paint have all been updated within the past couple years. All the interiors have been renovated in some fashion over the past 5-7 years. Rents are approximately 12% below market so with all the heavy lifting completed the new owner should be able to continue and raise rents in what is considered a very stable rental market.
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Additional Information
- Cooling
- Window/Wall
- Living Area
- 10,572
- Stories
- 2
- Parking Spaces
- 13
Mortgage Calculator
Listing courtesy of Listing Agent: Thomas McCartin (858-373-3100) from Listing Office: Marcus & Millichap.
Selling Office: Marcus & Millichap.
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