445 Hart Drive,El Cajon, CA 92021
El Cajon, CA 92021
Description
Price reduced $1,450,000. We are pleased to present Hart Townhomes, a 24-unit townhome community in El Cajon offered by the original developer. - Built 1991, comprehensively renovated 2016 to 2019 - 22 three bedroom homes (1,350 SF) and 2 four bedroom homes (1,550 SF) - Every home: attached duet, two car garage, private yard, fireplace, in-unit laundry - Tentative map contemplating individual townhome sales - 98% historical occupancy with four plus year average tenant tenure - In-place rents approximately 12% below market - Comparable El Cajon townhomes averaged $681,000 over trailing twelve months - Only 22.8% of El Cajon apartments contain three bedroom units; just 2.3% include four bedroom units Stabilized cash flow with embedded mark-to-market upside and condominium disposition optionality.
Details
| MLS # | 260010489SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 140 |
| Listing Provided By | Newmark of Southern California | Erik Anderson |
Features
| Units | 24 |
|---|---|
| Building(s) | 12 |
| Acreage | 1.67 |
Interior
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | El Cajon |
| Zip Code | 92021 |
| Area | 92021 El Cajon |
| Listing VS Median (in 92021) | |
Price: $11,750,000 low | high Med: $999,995 On site: 140 low | high Med: 152 | |
Market Activity 92021
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | El Cajon |
| Zip Code | 92021 |
| Area | 92021 El Cajon |
| Listing VS Median (in 92021) | |
Price: $11,750,000 low | high Med: $999,995 On site: 140 low | high Med: 152 | |
 | $450,000Pierre WayEl Cajon, CA 92021 |