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444 Claydelle Ave

El Cajon, CA 92020
  • $950,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 220011310
UPDATED: 50 min ago
$950,000
  • 3
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,800
    SQFT
  • $528
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

444 Claydelle is a three unit apartment building located in the City of El Cajon. Per tax records the complex was built in 1980 and consists of one structure on a 6,609 sq ft lot. All units are the same 2 bedroom 1 bath that are approx. 600 sq ft each. Current rents are substantially under market. There is also a common laundry room with leased equipment for ease of residents use. This asset is a value add opportunity for a future investor through strategic capital improvements and and being more proactive to raising rental rates.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.realestaterubino.com/homes/128560110
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444 Claydelle Ave El Cajon, CA 92020

  • Price: $950,000
  • Status: ACTIVE
  • On Site: 16 Days
  • Updated: 50 min ago
  • ID#: 220011310
3
Beds
3
Baths
0
½ Baths
0.15
Acres
1,800
SQFT
$528
$/SQFT
1980
Built
Neighborhood:
El Cajon
County:
San Diego
Area:
El Cajon (92020)
Property Description
444 Claydelle is a three unit apartment building located in the City of El Cajon. Per tax records the complex was built in 1980 and consists of one structure on a 6,609 sq ft lot. All units are the same 2 bedroom 1 bath that are approx. 600 sq ft each. Current rents are substantially under market. There is also a common laundry room with leased equipment for ease of residents use. This asset is a value add opportunity for a future investor through strategic capital improvements and and being more proactive to raising rental rates.
Exterior Features

Exterior Wood/Stucco Fencing Partial Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 3

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 3 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 2 Units With Washers 0

Property Features

Actual Cap Rate 2.8 Age Restrictions N/K Annual Expense Actual 16029 Annual Expense Projected 16029 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community El Cajon Complex Park N/A Cross Streets E Camden Ave Gross Rent Multiplier Actual 21.8 Gross Rent Multiplier Project 14.7 Gross Scheduled Income Actual 43668 Gross Scheduled Income Project 64620 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 46652 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.9 Projected Other Income 600.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalExchange Unit1 Deposit 1000 Unit1 Occupied Tenant Unit1 Projected Rent 1795.0 Unit1 Rent Actual 1040.0 Unit2 Deposit 1000 Unit2 Occupied Tenant Unit2 Projected Rent 1795.0 Unit2 Rent Actual 1500.0 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 1795 Unit3 Rent Actual 1100.0

San Diego MLS logo Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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12780 High Bluff Dr
San Diego CA, 92130