445 Hart Drive, El Cajon, CA 92021
445 Hart Drive, El Cajon, CA 92021
445 Hart Drive, El Cajon, CA 92021
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$11,750,000
Est. payment /mo
1.67 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260010489SD

HOA Y/N No

Lot Size 1.670 Acres

Property Sub-Type Mixed Use

Property Description

Price reduced $1,450,000. 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

Area 92021 - El Cajon

Interior

Fireplace No

Exterior

Total Parking Spaces 54

Others

Tax ID 48310330

Virtual Tour https://www.propertypanorama.com/instaview/snd/260010489

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Listed by Erik Anderson Newmark of Southern California #01991182

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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