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Sean Beattie

sean@brivio.com +1(415) 716-7190

$13,200,000

Est. payment - /mo

74 Beds

72 Baths

32,800 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 32,800 sqft

Price per Sqft $402

MLS Listing ID 260010489

Bedrooms 74

Full Baths 48

Half Baths 24

Property Sub-Type Com-Res Income

Property Description

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.

Location

State CA

County San Diego

Community Other/Remarks

Area East County

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 54

Building

Story 2

Others

Senior Community No

Tax ID 483-103-30

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Listed by Erik M Anderson, DRE#01991182 Newmark of Southern California

Nearby School & Business

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Sean Beattie

+1(415) 716-7190

Broker Associate | CA DRE# 01304100

Broker Associate CA DRE# 01304100

445-523 Hart Drive El Cajon, CA 92021

Sean Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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