Address
1011 Leslie Rd El Cajon, CA
Price
$ 4,950,000
Property Attributes
  • MLS#210030879
  • TypeIncome
  • CountySAN DIEGO
  • CityEl Cajon
  • AreaEast County
  • NeighborhoodEast County
  • Zip92020
  • Style
  • Price$ 4,950,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Lot Size0.42 Acres
Listing Provided Courtesy Of:
Bluxen, Inc
Data Source:
San Diego Regional MLS (SDMLS) - 32 - CA
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.

Price History
11/9/2021 Listed $4,950,000

General Features

# Of Units (1) 10
# Of Units (2) 4
# Of Units (3) 4
Amenities BBQ, Other/Remarks
Construction Stucco
Cooling Wall/Window
Heating Wall
Laundry Y/N Owned
Parking Spaces
Roof Composition
Sale/rent For Sale
Special Other/Remarks
Stories 2 Story
Terms Cash, Cash to New Loan, Other/Remarks
Total Units 18
Unit Type Apartment
Zoning COMMERCIAL

Interior Features

Baths in Unit 1 1.0
Baths in Unit 2 1.5
Baths in Unit 3 1.0
Bedrooms in Unit 1 1
Bedrooms in Unit 2 2
Bedrooms in Unit 3 2
Floor Covering Other/Remarks, Vinyl
Floors Slab, Wood

Exterior Features

Exterior No Landscaping, Security Bars, Remarks
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92020

Price
AVG $4.95M
$4.95M
Visits
AVG 12
11

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.