1140 E LEXINGTON AVE EL CAJON, CA 92019

Features

• Price/sqft: $784
• Lot Size: 6539 sq. ft.
• Total Units: 6
• Stories: 200
• Roof Type: GABLE
• Exterior Walls: Stucco

Facts

• Year Built: 01/01/1960
• Property ID: 898950448
• MLS Number: 240015800SD
• Parcel Number: 489-231-04-00
• Property Type: Multi-family (5 or more units)
• County: SAN DIEGO
• Legal Description: LOT 37 TR 3863
• Zoning: RM-2200

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. 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.