4 units on Claydelle

OLD- SOLD


360 Claydelle Ave.

El Cajon CA 92020

4 Units Priced at 779K

All two bedrooms 1.5 baths

1987 Construction 

3,674 sqft/ Lot is 8,712

Washer and Dryers in the units

Estimated at 919 sqft each

4 garages

3 carports

1 space

3 units have private yards

Needs some work.

Good Location- quick walk to restaurants, gyms on Main Street

Google Street View

Investment Summary Click Here.

Recent Comps

Sorry my pictures are not that clear. I tried to clean the lens....

Comes with a soggy Christmas Tree

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Pics

16 Units on Palm

.... Sexy.  SOLD

across thats a usps

and across to the west a rv park

south

west

looking north

from north

from north

across stree looking west

east side

Add Value -92 Units all two bedrooms

Village Green Apartments

743 S Magnolia Ave.

El Cajon, CA 920203

92 Units

Asking Price is 12.9M

140K per door 

$169 per sqft

All two Bedrooms  828 sqft

10 Two Story and one story buildings.

 Large storage areas for potentially additional income.

Google Street View Click Here

Google satellite View

This property is tired and poorly managed; this use to be a very nice complex.

Cap ex estimate on this deal is estimated at 920K

There is currently a loan that with a prepay  (yield Maintenance) of roughly 100K.

The prepay expires August of 2016. The balance of the existing loan is roughly  2.6M at a rate of 5.6%- Numbers are ran with Buyer assuming new financing.

Investment Summary with New Loan Click Here

El Cajon, CA