$4,600,000

193 W Park Avenue

El Cajon CA, 92020

Description

I am happy to present the Park Royale Apartments In The El Cajon Market of San Diego County. This property has been a well maintained family property for over 25 years and is being sold because the property recently came out of a trust. The property had over $400,000 worth of upgrades and improvements done in 2015. Built in 1973 and was renovated in 2015, the Park Royale Apartments is situated on a 24,829 SF Lot, and consists of a mix 1 bedroom, 2 bedroom/ 1 bath, 2 bedroom/2 bath, one studio currently being used as a leasing office, and a 3 bed/2 bath unit. The property features a well-maintained swimming pool and a grill that many of the tenants enjoy every weekend. The property also has 28 parking lots, with 4 shaded spots paying $40 each, and a coin laundry room onsite. A great opportunity for an investor looking to purchase a bread and butter apartment building at a low 4% cap, with high 5% cap upside in rents.

Details

MLS#200048387
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusPending
Days On Site187

Features

Units21

Market Activity 92020

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Area Information
StateCA
CountySan Diego
CityEl Cajon
Zip Code92020
Area92020 - El Cajon
Listing VS Median (in 92020)
Price:
$4,600,000
low | high
Med:
$650,000
100% of Average
On Site:
187
low | high
Med:
191
97.905759162304% of Average
Sourced by Back At You
Listing Updated: December 14, 2020 2:38:20 AM PST
Jason Lee LogoMLS Number: 200048387
Listing Provided By:
Jason Lee  of  South Coast Commercial Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.