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Rob & Suzy Northrup
Best Homes Team

El Cajon, CA 92020
CA DRE# 00938658 & 01162113
619-857-1155
Contact Us

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Listing 2 out of 95
$999,888 Pending

588 Millar Ave
El Cajon, CA 92020

4 units | Multi Family 2-4
8276 sq ft lot - MLS# 190033241
Property Photo
1/25

Description

This great income producing opportunity offers 4 units. Unit A, 2 bedrooms, 2 baths, offers a unique open floor plan & private yard. Unit B, 2 bedrooms, 2 baths, beautiful balcony off the master bedroom, newer kitchen cabinets and tile countertops. Unit C, 3 bedrooms, 2 baths, gorgeous kitchen cabinets, newer granite counter tops, balcony off the master & spacious 2 master bedroom closets. Unit D, 2 bedrooms, 2 baths, private yard, & newer kitchen cabinets. Total of 6 off-street parking spaces available!, A Rare Investment Opportunity Offered at $899,888 located at 588 Millar Ave., El Cajon, CA 92020. Beautiful 4 units situated on one lot – in one of San Diego's most desired places to live. Move-in ready. Four units, each with an amazing open floor plan, tile throughout, community coin laundry and 2 storage units in the building. Each unit has 1 off-street parking space and the building has 2 extra off-street parking spaces available for rent. All units have laundry rooms with washer and dryer hookups. Two of the units have a balcony off the master bedroom, and two units have private backyards. Current rental income is below market with huge upside potential for the new owner. Take advantage of the convenient location. Everything you want and need in one place makes this neighborhood one of the best areas to live in San Diego. Hurry this one won't last!!! Please do not disturb tenants or walk on property without listing agent.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Pending
  • County/Area: San Diego County
  • Zip Code: 92020
  • Year Built: 1986
  • Subdivision/Neighborhood: El Cajon
  • Units: 4 units
  • Lot Size: 8276 sq ft lot
  • Zoning: R-3
  • # of Buildings: 1
  • # of Units w/Dryers: 4
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • # of Units w/Washers: 4
  • Annual Expense Actual: 13729
  • Cap Rate Actual: 7
  • Community: El Cajon
  • Complex/Park: Condominium
  • Fencing: Partial
  • Gross Rent Multiplier Act: 11.87
  • Gross Rnt Multiplier Proj: 10.26
  • Gross Sched Income Actual: 75720
  • Gross Sched Income Proj.: 87600
  • Heat Equipment: Floor Furnace
  • Listing Area: EL CAJON (92020)
  • Lot Dimensions: 8, 280
  • Lot Size Area: 7, 500-10, 889 SF
  • Lot SqFt: 8280
  • Net Oper.Income Projected: 73870
  • Roof: Tile/Clay
  • Sewer/Septic: Sewer Available, Sewer Connected
  • Siding: Stucco
  • Special Conditions Details: Call Agent
  • Tenant Pays: Sewer, Water, Electricity, Gas/Propane
  • Terms: Cash, Conventional
  • Topography: Level
  • Unit # for Unit 1: A
  • Unit # for Unit 2: B
  • Unit # for Unit 3: C
  • Unit # for Unit 4: D
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Total Baths: 2
  • Unit 1 # of Full Baths: 2
  • Unit 1 Deposit: 1425
  • Unit 1 Estimated SqFt: 1050
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Projected Rent: 1750
  • Unit 1 Rent Actual: 1425
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Total Baths: 2
  • Unit 2 # of Full Baths: 2
  • Unit 2 Deposit: 1400
  • Unit 2 Estimated SqFt: 1050
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Projected Rent: 1700
  • Unit 2 Rent Actual: 1400
  • Unit 3 # Bedrooms: 3
  • Unit 3 # Total Baths: 2
  • Unit 3 # of Full Baths: 2
  • Unit 3 Deposit: 1900
  • Unit 3 Estimated SqFt: 1279
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Projected Rent: 2100
  • Unit 3 Rent Actual: 1900
  • Unit 4 # Bedrooms: 2
  • Unit 4 # Total Baths: 2
  • Unit 4 # of Full Baths: 2
  • Unit 4 Deposit: 1550
  • Unit 4 Estimated SqFt: 1100
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Projected Rent: 1750
  • Unit 4 Rent Actual: 1550
  • Water: Meter on Property
  • Water Heater Type: Gas
Courtesy of Windermere Homes & Estates



Rob & Suzy Northrup | 619-857-1155 | Contact Us
CA DRE# 00938658 & 01162113
2552 Fletcher Parkway - El Cajon, CA 92020
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