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209 15 Millar AVE El Cajon, CA 92020
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Key Details
Sold Price $938,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2102542
Sold Date 06/10/21
HOA Y/N No
Year Built 1955
Lot Size 7,840 Sqft
Acres 0.18
Property Description
*FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SIGNIFICANTLY BELOW MARKET*. Value-add 4plex in central El Cajon. Minutes to downtown El Cajon, transit center, restaurants, and retail. Quiet, family-friendly neighborhood near major freeways. (2) 2bed+1bath (roughly 750 SF), (2) 1bed+1bath units (roughly 500 SF). According to assessor building records, the front duplex was built 1955; rear duplex built 1979. (8) off-street parking spaces. Larger 8,085 SF lot - may be possible to add ADUs. Roughly 45% upside in rents. Units are in mostly original condition with some minor upgrades. Unit 213 (2bed+1bath) is more recently upgraded with newer flooring, cabinets, and in-unit W/D. Separately metered for all utilities. Common-area coin-op. laundry. (2) rear storage rooms. Fenced front and rear yard areas with natural grass. Ready for further renovations. Resurfaced parking area and exterior painting completed in 2020 ($30K+ in total upgrades). All tenants on month-month leases.
Location
State CA
County San Diego
Area 92020 - El Cajon
Zoning RM-2200
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Street Lights, Suburban, Sidewalks, Urban
Private Pool No
Building
Lot Description Back Yard, Front Yard, Garden, Lawn, Landscaped, Level, Near Public Transit, Paved, Street Level, Yard
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 4872821000
Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, FHA, Fannie Mae, Freddie Mac, Private Financing Available, Trust Deed, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, FHA, Fannie Mae, Freddie Mac, Private Financing Available, Trust Deed, VA Loan
Special Listing Condition Standard
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Bought with Farid Khayamian • Bluxen