El Cajon, CA 92020,1011 Leslie Rd

$4,750,000

Est.Price: ?

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Est. payment /mo

0.42 Acres Lot


SOLD DATE : 04/20/2022

Key Details

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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CRMLS – RECore
Listed by Farid Khayamian Bluxen, Inc
Bought with Peggy Khayamian Bluxen, Inc
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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