1940 44 Valley Rim Road, El Cajon, CA 92021

$1,199,999
List Price
$1,199,999
Status
ACTIVE
MLS#
230001570SD
Year Built
1958
Days on Market
10
Property Type
Multifamily
Stories
One Level
Neighborhood
El Cajon

Property Description

PRICED TO CASH FLOW EVEN WITH CRAZY 7%+ INTEREST RATES! We are pleased to present this turnkey gem on a HUGE lot in the serene Granite Hills of El Cajon. You will not find cheaper price per lot square footage for multifamily than with this 1.42 acre estate - $21/SF! The property is basically brand new construction given the heavy renovation for all 3 units and is comprised of a large 1500 SF 4BR 2BA home with a 400 SF attached studio. Sitting below this is a 900 SF 2BR 1BA home. All units have their own solar owned free and clear. Minisplit AC units and laundry hook ups in all. The 4/2 house is rented for $4100 and the 2/1 for $2400. Tenant application ready to go for $1800. On top of this, there is the ability to rent out the 15,000 SF part of the lot at the bottom for RV or boat storage. Seller already has an offer from one RV owner for $100/month is a Buyer wants it. There is the ability to fit 10-20 RVs easily, that is potential for $10-20k extra a year!

Additional Information

Cooling
Yes
Cooling Description
SeeRemarks
Roof
Composition
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$102,000

Listing courtesy of Listing Agent: Florian Sighe (fsighe@gmail.com) from Listing Office: The Browar Group.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.