Sold
480 Jamacha Rd
El Cajon CA, 92019
$9,100,000
$311.64 per sqft
Sold
6 Beds
29,200 sqft
Commercial
A welcome addition to your multi family portfolio! 5% Cap rate on ACTUALS with significant rental upside! Enjoy a steadily increasing cash flow stream by initiating the allowable rent increases annually and/or reaching market rent upon turnovers, or complete a substantial renovation to accomplish leading market rents sooner! The Woods is a 32 unit apartment community featuring a desirable unit mix of 100% 2BR/2BA units featuring large 913 sqft layouts, each with a walk-in closet and individual water heater. Units have TWO balconies or patios, and the property's amenities include 29 carports and 23 parking spaces, a sparkling pool, laundry facility, and landscaped grounds located on a sprawling 1.32 acre lot for residents to enjoy. Built in 1977, the community is well located in the sought after neighborhood of Granite Hills in El Cajon, which offers easy access to the 8 and 94 freeways and is contiguous to masterplan Rancho San Diego.
240014930
MLSⓇ ID
June 28, 2024
Listed
November 22, 2024
Updated
Map
480 Jamacha Rd
El Cajon CA, 92019
Interior Features
Total Stories
2
Bedrooms
6
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Other Property Details
Area Name
East County
Taxes
$44,663
Tax Frequency
Annually
Days on Market
88
Garage
No
Parking
Carport, Spaces
View
No
County
San Diego
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/4/2024 | Price change | $9,100,000 -13% |
11/4/2024 | Sold | $9,100,000 |
9/23/2024 | Pending | — |
Listed by Apartment Consultants Incorporated, Christina M Labowicz,
Listing Contact: 858-876-5701
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Data last updated 9:01 PM UTC, 11/22/2024
