1940-44 Valley Rim Road, El Cajon, CA 92021

$1,199,999
List Price
$1,199,999
Days on Market
11
Status
ACTIVE
MLS#
230001570
Lot Size(Range)
1+ to 2 AC
City
El Cajon
Neighborhood
Granite Hills
Complex/Building Name
Granite Hills
Property Type
Multifamily
Year Built
1958

Property Description

PRICED TO CASH FLOW EVEN WITH CRAZY 7%+ INTEREST RATES! We are pleased to present this turnkey gem on a HUGE lot in the serene Granite Hills of El Cajon. You will not find cheaper price per lot square footage for multifamily than with this 1.42 acre estate - $21/SF! The property is basically brand new construction given the heavy renovation for all 3 units and is comprised of a large 1500 SF 4BR 2BA home with a 400 SF attached studio. Sitting below this is a 900 SF 2BR 1BA home. All units have their own solar owned free and clear. Minisplit AC units and laundry hook ups in all. The 4/2 house is rented for $4100 and the 2/1 for $2400. Tenant application ready to go for $1800. On top of this, there is the ability to rent out the 15,000 SF part of the lot at the bottom for RV or boat storage. Seller already has an offer from one RV owner for $100/month is a Buyer wants it. There is the ability to fit 10-20 RVs easily, that is potential for $10-20k extra a year!

Additional Information

Building Name
Granite Hills
Lot Size Range
1+ to 2 AC
Neighborhood
Granite Hills
Stories
1 Story
Style
Res Income 2-4 Units
Year Built
1958

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Florian P Sighe (619-701-6797) from Listing Office: The Browar Group.

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