Multifamily

1070 S Sunshine Avenue

1070 S Sunshine Ave, El Cajon, CA 92020

Listing Price: $980,000

Cap Rate
4.67%
Number of Units
4
GRM
14.85
Occupancy
97.00%
Price/Unit
$245,000
Price/Gross SF
$310.91
Gross SF
3,152

Investment Overview

Marcus & Millichap is pleased to present for sale an excellent opportunity to own 1070 S Sunshine Avenue; a Value-Add Four-Unit investment property located in one of San Diego's most stable rental markets. The offering is made up of four 2-Bedroom/1.25-Bath units totaling 3,150 rentable square feet. The property sits on a .16 Acres (6,995 square foot) lot with Two Surface Parking spaces for each unit. Over the last two years the property has undergone significant exterior renovations providing a new owner with a smooth transition and opportunity to upgrade the interiors and achieve an attractive cash-on-cash return. The new owner will have the option to leverage debt and take advantage of the historically low 30-year fixed financing.
El Cajon is a city in San Diego County, California located just 17 miles east of Downtown, San Diego. El Cajon is bordered by San Diego and La Mesa to the west, Spring Valley to the south, Santee to the north, and unincorporated San Diego County to the east. It includes the neighborhoods of Fletcher Hills, Bostonia, and Rancho San Diego. El Cajon is known for its diverse population of working class residents. 1070 S Sunshine is located within a short walk or drive to several schools & shopping centers. Conveniently located just off the 8 Freeway Residents enjoy convenient access to all that San Diego and cities have to offer. The area has been consistently one of San Diego County's most stable rental markets.

Investment Highlights

  • Highly Desirable All 2-Bed/1.25-Bath Unit Mix
  • Add-Value Investment Opportunity; 20% Up-side in current rental income
  • Convenient Access to Freeways and Shopping Centers
  • Renovated Exterior
  • Large Parking Lot (Six Surface Spaces)
  • Income Generating Laundry Room On-Site

Exclusively Listed By

  • Tom McCartin

    First Vice President Investments

    (858) 373-3196

    Email Tom

    License(s): CA: 01427348

    San Diego

  • Pietro A. DeLuca

    Associate

    Email Pietro

    License(s): CA: 02010070

    San Diego

Listing Price: $980,000

Cap Rate
4.67%
Number of Units
4
GRM
14.85
Occupancy
97.00%
Price/Unit
$245,000
Price/Gross SF
$310.91
Gross SF
3,152

Investment Highlights

  • Highly Desirable All 2-Bed/1.25-Bath Unit Mix
  • Add-Value Investment Opportunity; 20% Up-side in current rental income
  • Convenient Access to Freeways and Shopping Centers
  • Renovated Exterior
  • Large Parking Lot (Six Surface Spaces)
  • Income Generating Laundry Room On-Site

Investment Overview

Marcus & Millichap is pleased to present for sale an excellent opportunity to own 1070 S Sunshine Avenue; a Value-Add Four-Unit investment property located in one of San Diego's most stable rental markets. The offering is made up of four 2-Bedroom/1.25-Bath units totaling 3,150 rentable square feet. The property sits on a .16 Acres (6,995 square foot) lot with Two Surface Parking spaces for each unit. Over the last two years the property has undergone significant exterior renovations providing a new owner with a smooth transition and opportunity to upgrade the interiors and achieve an attractive cash-on-cash return. The new owner will have the option to leverage debt and take advantage of the historically low 30-year fixed financing.
El Cajon is a city in San Diego County, California located just 17 miles east of Downtown, San Diego. El Cajon is bordered by San Diego and La Mesa to the west, Spring Valley to the south, Santee to the north, and unincorporated San Diego County to the east. It includes the neighborhoods of Fletcher Hills, Bostonia, and Rancho San Diego. El Cajon is known for its diverse population of working class residents. 1070 S Sunshine is located within a short walk or drive to several schools & shopping centers. Conveniently located just off the 8 Freeway Residents enjoy convenient access to all that San Diego and cities have to offer. The area has been consistently one of San Diego County's most stable rental markets.

Exclusively Listed By

  • Tom McCartin

    First Vice President Investments

    (858) 373-3196

    Email Tom

    License(s): CA: 01427348

    San Diego

  • Pietro A. DeLuca

    Associate

    Email Pietro

    License(s): CA: 02010070

    San Diego

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