638 El Cajon Blvd

El Cajon, CA 92020 pending

UPDATED:

pending

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5 photos

Listing Price

$938,000

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Bed

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Bath

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SqFt

Glen Henderson

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Key Details

Property Type: Com-Res Income

Lot Size: 5,034 Sqft

Purchase Type: For Sale

Listing Status: Pending

MLS Listing ID: 180008482

Type of Financing: Cash,Cash to New Loan

Property Description

Central El Cajon Motel/Aptartments--CASH flowing asset you’ve been looking for! 638 El Cajon Blvd is a 10 unit motel with long term extended stay tenants centrally located in El Cajon within close proximity to 8 Highway and the El Cajon Transit Center. It is also only a few minutes walk to downtown El Cajon, where there is shopping, a library, and various restaurants. The property has undergone recent renovations including upgrades to most major systems, the exterior as a whole, & the interior of units. It is zoned for hotel/motel use & can be run on a day-to-day, weekly, or on a monthly basis. Operating on a day-to-day basis will likely yield a higher cash flow, though all tenants currently on month-to-month basis. This property is easy to maintain with minimal external landscaping. It also includes an on-site laundry machine & parking for each unit. The rents include all utilities including cable and wifi as well. SOLAR has been installed. EZ to keep tenants!!

Location

State: CA

County: San Diego

Interior

Laundry: Leased

Heating: Wall

Cooling: Wall/Window

Flooring: Tile

Air Conditioning: Wall/Window

Exterior

Garage: Spaces

Exterior Feature: Metal Fence,Solar Owned

Building

Story: 1 Story,2 Story

Schools

Elementary Schools: Johnson Elementary School

Middle Schools: Cajon Valley Middle School

High Schools: Grossmont High School

School District: Cajon Valley Union Elementary School District,Grossmont Union High School District

Property History

Date Event Price Source

    Neighborhood Demographic

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    Glen HendersonBig Block Realty, Inc

    Glen Henderson


    Broker Associate CA BRE #01384181

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