Sold
1140 & 1146 E Lexington Ave
El Cajon CA, 92019
$3,685,000
$348.56 per sqft
Sold
5 Beds
10,572 sqft
Commercial
12 Turn Key Units with all of the Major Capital Improvements Completed. Current Owner recently installed and paid for Solar Panels eliminating most electric bills. In addition the roofs, windows, hot water heaters, parking gate, exterior paint have all been updated within the past couple years. All the interiors have been renovated in some fashion over the past 5-7 years. Rents are approximately 12% below market so with all the heavy lifting completed the new owner should be able to continue and raise rents in what is considered a very stable rental market.
240015800
MLSⓇ ID
July 10, 2024
Listed
November 22, 2024
Updated
Map
1140 & 1146 E Lexington Ave
El Cajon CA, 92019
Interior Features
Total Stories
2
Bedrooms
5
Appliances
Range, Refrigerator, Disposal
Floor Description
Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.3 Acres
Lot Features
No Landscaping
Other Property Details
Area Name
East County
Days on Market
114
Garage
No
Parking Total
13
View
No
County
San Diego
Pool
No
Zoning
R3 Multipl
Listing History
Date | Event | Price |
|---|---|---|
11/5/2024 | Price change | $3,685,000 -7% |
11/5/2024 | Sold | $3,685,000 |
Listed by Marcus & Millichap, Thomas McCartin,
Listing Contact: 858-373-3100
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Data last updated 9:02 PM UTC, 11/22/2024
