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1011 Leslie Rd El Cajon, CA 92020
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Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 210030879
Sold Date 04/20/22
HOA Y/N No
Lot Size 0.418 Acres
Property Sub-Type Mixed Use
Property Description
This is a true value-add investment opportunity in the highly coveted center of El Cajon city. Offered to the market for the first time in 11 years, this prominently located, mid-century building features a secured courtyard, as well as asigend parking. The excellent unit mix consists of FOUR 2bedrooms 1.5 bathrooms FOUR 2bedrooms 1bathroom and TEN 1bedroom 1bathroom with extra income from the laundry. Roof was replaced 10 years ago and the parking surface was replaced a year ago. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. Amenities: BBQ Exterior: ,,
Location
State CA
County San Diego
Area 92020 - El Cajon
Zoning COMMERCIAL
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 4923423500
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
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Bought with Peggy Khayamian Bluxen, Inc