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1011 Leslie Rd

El Cajon, CA 92020
  • $4,750,000
  • STATUS: Pending
  • ON SITE: 80 Days
  • ID#: 210030879
Pending
UPDATED: 63 min ago
$4,750,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Farid Khayamian of Bluxen, Inc (858-535-0000) and Peggy Khayamian of Bluxen, Inc(858-535-0000)


Description

This is a true value-add investment opportunity in the highly coveted center of El Cajon city. Offered to the market for the first time in 11 years, this prominently located, mid-century building features a secured courtyard, as well as asigend parking. The excellent unit mix consists of FOUR 2bedrooms 1.5 bathrooms FOUR 2bedrooms 1bathroom and TEN 1bedroom 1bathroom with extra income from the laundry. Roof was replaced 10 years ago and the parking surface was replaced a year ago. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. Amenities: BBQ Exterior: ,,

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T19:30:55.853. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cochren Realty Team | KW the Lakes. Licensed in the State of California, USA.
www.cochrenrealty.com/homes/123143394
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1011 Leslie Rd El Cajon, CA 92020

  • Price: $4,750,000
  • Status: Pending
  • On Site: 80 Days
  • Updated: 63 min ago
  • ID#: 210030879
0
Beds
0
Baths
0
½ Baths
0.42
Acres
Neighborhood:
92020 - El Cajon
County:
San Diego
Area:
92020 - El Cajon
Property Description
This is a true value-add investment opportunity in the highly coveted center of El Cajon city. Offered to the market for the first time in 11 years, this prominently located, mid-century building features a secured courtyard, as well as asigend parking. The excellent unit mix consists of FOUR 2bedrooms 1.5 bathrooms FOUR 2bedrooms 1bathroom and TEN 1bedroom 1bathroom with extra income from the laundry. Roof was replaced 10 years ago and the parking surface was replaced a year ago. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. Amenities: BBQ Exterior: ,,
Exterior Features

Construction Materials Stucco Parking Total 0 Roof Composition

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 0 Listing Agreement Seller Reserved Listing Terms CashCash To New Loan Operating Expense 0 Property Sub Type Mixed Use Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T19:30:55.853. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cochren Realty Team | KW the Lakes. Licensed in the State of California, USA.
 
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Cochren Realty Team | KW the Lakes
25321 Railroad Canyon Rd #504
Lake Elsinore CA, 92532
Listing Agent(s): Farid Khayamian of Bluxen, Inc (858-535-0000) and Peggy Khayamian of Bluxen, Inc(858-535-0000)