445-523 Hart Dr, El Cajon, CA 92021
- $11,750,000
- 74
- BD
- 72
- BA
- 32,800
- SqFt
- List Price
- $11,750,000
- Price Change
- ▼ $1,450,000 1780005721
- Days on Market
- 90
- Status
- ACTIVE
- MLS#
- 260010489
- Bedrooms
- 74
- Bathrooms
- 72
- Living Sq. Ft
- 32,800
- City
- El Cajon
- Property Type
- Multifamily
Property 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.
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Additional Information
- Living Area
- 32,800
- Stories
- 2
- Parking Spaces
- 54
Mortgage Calculator
Listing courtesy of Listing Agent: Erik M Anderson (858-395-6935) from Listing Office: Newmark of Southern California.
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