310 S Anza, El Cajon, CA 92020

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Glen Henderson

[email protected] +1(619) 889-7646

$8,750,000

Est. payment - /mo

22,260 SqFt

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Key Details

Property Type Single Family Home, Condo

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 22,260 sqft

Price per Sqft $393

MLS Listing ID 250029807

Property Sub-Type Com-Res Income

Property Description

OFFERS DUE Wednesday, July 16th at 4pm pacific time. This low-density, garden-style community consists of 35 apartment homes spread over more than two acres, offering an attractive unit mix of studios, one-, two-, and three-bedroom floor plans. The property features abundant on-site parking with 54 spaces, including 14 garages, as well as community amenities such as laundry facilities and a leasing office. The asset offers both immediate value-add and long-term development upside. Of the 35 units, 21 remain unrenovated (60% of total units), presenting a significant opportunity to raise rents and achieve an estimated $410 rent premium (24% increase in rental income). Additionally, the large underutilized lot provides the potential to expand the community up to 44 units by right under current zoning, with options to convert garage spaces into Accessory Dwelling Units (ADUs) or additional living areas.

Location

State CA

County San Diego

Area East County

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Others

Tax ID 488-262-26-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/250029807

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Listed by Eric D Comer Eric D. Comer, Broker

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

310 S Anza El Cajon, CA 92020

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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