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1284 Andover Road

El Cajon, CA 92019
  • $1,395,000
  • STATUS: ACTIVE
  • ON SITE: 13 Days
  • ID#: PTP2406473
UPDATED: 48 min ago
$1,395,000
  • 9
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

3 units on one lot for sale atEl Cajon, CA 92019, gross monthly income approximately$10,700. Do not disturb occupants, Shown only with an accepted offer. 2 Units, and A 3rd one in the process of being built. There is also a potential to build 1 more! One-of-a-kind opportunity with exceptional potential in a 0.28-acre lot, featuring a recently renovated single-family house: a spacious 5-bedroom, 3-bathroom, and a Junior ADU 1-bedroom, 1-bathroom. Additionally, the homeowner is in process of building another house, 3bedroom, 2.5bath, and 1, 282 sqft. Also future option there is room available to build a 4th unit, 850 sqft ADU, enhancing its potential for substantial rental income and long-term value appreciation. Nestled in a prime location close to shopping, schools, and entertainment options, this property promises an unparalleled and highly desirable living experience. Seize this rare opportunity to invest in a burgeoning community with immense redevelopment potential. This ready-to-go investment is perfect for those looking to capitalize on a thriving market and secure substantial returns. Don't let this exceptional chance slip away! 3 units on one lot for sale atEl Cajon, CA 92019, gross monthly income approximately$10,700. Do not disturb occupants, Shown only with an accepted offer. 2 Units, and A 3rd one in the process of being built. There is also a potential to build 1 more! One-of-a-kind opportunity with exceptional potential in a 0.28-acre lot, featuring a recently renovated single-family house: a spacious 5-bedroom, 3-bathroom, and a Junior ADU 1-bedroom, 1-bathroom. Additionally, the homeowner is in process of building another house, 3bedroom, 2.5bath, and 1, 282 sqft. Also future option there is room available to build a 4th unit, 850 sqft ADU, enhancing its potential for substantial rental income and long-term value appreciation. Nestled in a prime location close to shopping, schools, and entertainment options, this property promises an unparalleled and highly desirable living experience. Seize this rare opportunity to invest in a burgeoning community with immense redevelopment potential. This ready-to-go investment is perfect for those looking to capitalize on a thriving market and secure substantial returns. Don't let this exceptional chance slip away!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
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1284 Andover Road El Cajon, CA 92019

  • Price: $1,395,000
  • Status: ACTIVE
  • On Site: 13 Days
  • Updated: 48 min ago
  • ID#: PTP2406473
9
Beds
0
Baths
0
½ Baths
0.28
Acres
Neighborhood:
Rancho El Cajon
County:
San Diego
Area:
El Cajon (92019)
Property Description
3 units on one lot for sale atEl Cajon, CA 92019, gross monthly income approximately$10,700. Do not disturb occupants, Shown only with an accepted offer. 2 Units, and A 3rd one in the process of being built. There is also a potential to build 1 more! One-of-a-kind opportunity with exceptional potential in a 0.28-acre lot, featuring a recently renovated single-family house: a spacious 5-bedroom, 3-bathroom, and a Junior ADU 1-bedroom, 1-bathroom. Additionally, the homeowner is in process of building another house, 3bedroom, 2.5bath, and 1, 282 sqft. Also future option there is room available to build a 4th unit, 850 sqft ADU, enhancing its potential for substantial rental income and long-term value appreciation. Nestled in a prime location close to shopping, schools, and entertainment options, this property promises an unparalleled and highly desirable living experience. Seize this rare opportunity to invest in a burgeoning community with immense redevelopment potential. This ready-to-go investment is perfect for those looking to capitalize on a thriving market and secure substantial returns. Don't let this exceptional chance slip away! 3 units on one lot for sale atEl Cajon, CA 92019, gross monthly income approximately$10,700. Do not disturb occupants, Shown only with an accepted offer. 2 Units, and A 3rd one in the process of being built. There is also a potential to build 1 more! One-of-a-kind opportunity with exceptional potential in a 0.28-acre lot, featuring a recently renovated single-family house: a spacious 5-bedroom, 3-bathroom, and a Junior ADU 1-bedroom, 1-bathroom. Additionally, the homeowner is in process of building another house, 3bedroom, 2.5bath, and 1, 282 sqft. Also future option there is room available to build a 4th unit, 850 sqft ADU, enhancing its potential for substantial rental income and long-term value appreciation. Nestled in a prime location close to shopping, schools, and entertainment options, this property promises an unparalleled and highly desirable living experience. Seize this rare opportunity to invest in a burgeoning community with immense redevelopment potential. This ready-to-go investment is perfect for those looking to capitalize on a thriving market and secure substantial returns. Don't let this exceptional chance slip away!
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Cooling Central Forced Air Total Baths Unit1 3 Total Baths Unit2 1 Total Baths Unit3 2 Water Heater Type Gas

Property Features

Actual Cap Rate 7.6 Annual Expense Actual 22900 Assessments N/K Buildings 2 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 128400 Home Owners Fees 0.0 Terms CashConventionalFHAVA Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 4500.0 Unit2 Rent Actual 2000.0 Unit3 Rent Actual 0.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Athir Markos of Keller Williams Realty: 619-504-7999. Listing information © 2024 San Diego MLS Inc. Source: CR Paragon
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128