El Cajon, CA 92020,193 W Park Avenue
El Cajon, CA 92020,193 W Park Avenue
El Cajon, CA 92020,193 W Park Avenue
3
$4,600,000
Est.Price: ?

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193 W Park Avenue El Cajon, CA 92020

Est. payment /mo
SOLD DATE : 01/08/2021

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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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California Regional MLS (CRMLS)
Listed by Jason Lee • South Coast Commercial, Inc.
Bought with Jason Lee • South Coast Commercial, Inc.

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