621 Grape St., El Cajon, CA 92021

$1,828,000
Sold Price
$1,828,000
List Price
$1,850,000
Closing Date
Sep 05, 2018
Days on Market
159
Status
SOLD
MLS#
180010690
Property Type
Multifamily

Property Description

We are pleased to present 621-637 Grape Street apartments, a well maintained 9-unit property located in El Cajon, California. Constructed in 1987, the property is positioned on 0.36 acres and is comprised of 4 one-bedroom/one-bath units, 3 two-bedroom/one-bath units, and 2 two-bedroom/two-bath units. The property is located off-of Main Street, a major thoroughfare going through El Cajon. Parkway Plaza, an enclosed mall with over 170 stores, is the premier shopping destination for San Diegos East county and is conveniently located a few miles away. Residents also benefit from immediate access to Interstate-8 and the transit oriented neighborhood with many nearby public transportation options. The Grape Street apartments provide an investor the opportunity to acquire stable cash flow in El Cajon, where the vacancy rate is among the lowest in San Diego County and the effective rent growth is stronger compared to average growth in San Diego.

Additional Information

Financing
Cash to New Loan
Style
Com-Res Income

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap

Selling Office: Marcus & Millichap.

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