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247-263 Millar Ave

El Cajon, CA 92020
  • $1,090,000
  • STATUS: ACTIVE
  • ON SITE: 104 Days
  • ID#: 240000317
$1,090,000
  • 6
    BEDS
  • 0.18
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,670
    SQFT
  • $408
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Spacious 3 units with a lot of potential rent upside. Front detached 2/1 home is almost 900 sf which offers an opportunity for owner occupant while the back duplex can produce rents to help with monthly obligations. 2 units in the back are identical and each unit is 2/1 and 900Sf. All 3 units come with laundry hookups. All tenants are long term and month to month.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/146384801
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247-263 Millar Ave El Cajon, CA 92020

  • Price: $1,090,000
  • Status: ACTIVE
  • On Site: 104 Days
  • ID#: 240000317
6
Beds
3
Baths
0
½ Baths
0.18
Acres
2,670
SQFT
$408
$/SQFT
1960
Built
Neighborhood:
El Cajon
County:
San Diego
Area:
El Cajon (92020)
Property Description
Spacious 3 units with a lot of potential rent upside. Front detached 2/1 home is almost 900 sf which offers an opportunity for owner occupant while the back duplex can produce rents to help with monthly obligations. 2 units in the back are identical and each unit is 2/1 and 900Sf. All 3 units come with laundry hookups. All tenants are long term and month to month.
Exterior Features

Exterior Stucco Fencing Partial Parking Spaces Total Unit1 0.0 Parking Spaces Total Unit2 0.0 Parking Spaces Total Unit3 0.0 Parking Spaces Total Unit4 0.0 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 3.2 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 21842 Annual Expense Projected 25400 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community EL CAJON Complex Park El Cajon Cross Streets Main and Millar Gross Rent Multiplier Actual 5.2 Gross Rent Multiplier Project 13.1 Gross Scheduled Income Actual 4750 Gross Scheduled Income Project 7000 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 58600 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.33 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventionalFHA Unit Number For Unit1 247 Unit Number For Unit2 261 Unit Number For Unit3 263 Unit1 Deposit 1000 Unit1 Occupied Tenant Unit1 Projected Rent 2400.0 Unit1 Rent Actual 1700.0 Unit2 Deposit 500 Unit2 Occupied Tenant Unit2 Projected Rent 2300.0 Unit2 Rent Actual 1550.0 Unit3 Deposit 500 Unit3 Occupied Tenant Unit3 Projected Rent 2300 Unit3 Rent Actual 1500.0 Zoning R-3:RESTRI

San Diego MLS logo Listing provided courtesy of Denny Tran of DT America Realty: 619-582-4232. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty | Keller Williams La Jolla
4138 Napier St.
San Diego CA, 92110