Return to Previous Page

    1025 S Magnolia Ave

    El Cajon, CA 92020
    • $1,050,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 200021210
    UPDATED: 68 min ago
    $1,050,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    1025 S Magnolia Ave is a four unit property in El Cajon with Huge 1,050 sq ft 2 Bedroom / 1 Bath Units. Property provides 9 parking spaces for the tenants and has one coin laundry room. Owner recently remodeled two out of the four units. Tenants are All Long term tenants so rents are under market, but is a great opportunity for a new investor to raise rents day one. Lock in a 3.5% 30 Year Loan and cash flow this property for the long term! Neighborhoods: El Cajon Other Fees: 0 Unit # for Unit 1: A Unit # for Unit 2: B Unit # for Unit 3: C Unit # for Unit 4: D Number of Furnished Units: 0

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-05T09:27:10.28. 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 deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.

    www.searchcaliforniahomes.net/homes/105747028

    1025 S Magnolia Ave El Cajon, CA 92020

    • Price: $1,050,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 200021210
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1964
    Built
    Neighborhood:
    El Cajon
    County:
    San Diego
    Property Description
    1025 S Magnolia Ave is a four unit property in El Cajon with Huge 1,050 sq ft 2 Bedroom / 1 Bath Units. Property provides 9 parking spaces for the tenants and has one coin laundry room. Owner recently remodeled two out of the four units. Tenants are All Long term tenants so rents are under market, but is a great opportunity for a new investor to raise rents day one. Lock in a 3.5% 30 Year Loan and cash flow this property for the long term! Neighborhoods: El Cajon Other Fees: 0 Unit # for Unit 1: A Unit # for Unit 2: B Unit # for Unit 3: C Unit # for Unit 4: D Number of Furnished Units: 0
    Exterior Features

    Fence YN Yes Fencing Partial Roof Composition

    Interior Features

    Cooling None Cooling YN No Levels Two

    Property Features

    Association Fee 0.00 Cap Rate 4.30 Country Us Gross Scheduled Income 60000.00 Net Operating Income 41231.00 Number With Dishwasher 0 Number With Patio 0 Number With Range 4 Number With Refrigerator 0 Subdivision Name Other El Cajon Tenant Pays ElectricityGas Zoning R-3

    Listing provided courtesy of Jason Lee of South Coast Commercial, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-05T09:27:10.28. 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 deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364269548-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364269548-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364269548-1.jpg
    Logo
    Cory Home Team | Your Home Sold Guaranteed
    43105 Black Deer Loop Ste. 202
    Temecula CA, 92590