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193 W Park Avenue El Cajon, CA 92020
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 200048387
Sold Date 01/08/21
HOA Y/N No
Property Description
I am happy to present the Park Royale Apartments In The El Cajon Market of San Diego County. This property has been a well maintained family property for over 25 years and is being sold because the property recently came out of a trust. The property had over $400,000 worth of upgrades and improvements done in 2015. Built in 1973 and was renovated in 2015, the Park Royale Apartments is situated on a 24,829 SF Lot, and consists of a mix 1 bedroom, 2 bedroom/ 1 bath, 2 bedroom/2 bath, one studio currently being used as a leasing office, and a 3 bed/2 bath unit. The property features a well-maintained swimming pool and a grill that many of the tenants enjoy every weekend. The property also has 28 parking lots, with 4 shaded spots paying $40 each, and a coin laundry room onsite. A great opportunity for an investor looking to purchase a bread and butter apartment building at a low 4% cap, with high 5% cap upside in rents.
Location
State CA
County San Diego
Area 92020 - El Cajon
Interior
Fireplace No
Others
Tax ID 4871733900
Financing Cash to New Loan
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Bought with Jason Lee • South Coast Commercial, Inc.