El Cajon, CA 92021,1069 Naranca Avenue
El Cajon, CA 92021,1069 Naranca Avenue
El Cajon, CA 92021,1069 Naranca Avenue
25
$1,843,750
$1,949,000
5.4%
Est.Price: ?

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1069 Naranca Avenue El Cajon, CA 92021

Est. payment /mo
SOLD DATE : 07/24/2020

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Key Details

Sold Price $1,843,750

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 200011283

Property Description

The OLIVE Apartment Homes is a fantastic opportunity to own an absolute turn-key multifamily asset with a strong in-place cap rate with additional upside in rental income. The unit mix consists of six (6) large 2 bedroom / 2 bathroom units (1,050sf each) with in-unit washer/dryer, air-conditioning and private yards on the downstairs units. This 6-unit complex is located in the highly desirable east San Diego county market of El Cajon and has been completely remodeled with quality finishes. El Cajon has experienced more rent growth than almost any other community in San Diego County over the last few years. This is an ideal opportunity for an investor seeking a fully remodeled property with stable, in-place rental income located in one of San Diego County’s most desirable rental markets.

Location

State CA

County San Diego

Area 92021 - El Cajon

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California Regional MLS (CRMLS)
Listed by James Carter • Apartment Realty Group (ARG)
Bought with Terry Moore • Apartment Consultants, Inc.

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agent

Brenda Perez-Miranda

Agent | License ID: 01293185

+1(619) 846-9088

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