Closed Listing
17 Townhouse Units in San Diego County
748 n 3rd st
sold in
El Cajon
Sold At
$
5,300,000
17
Number of Units
1982
Year Built
17,748
SF
Square Footage
38,333 SF
SF
Lot Size
C
Zoning
748 N 3rd St, El Cajon, CA 92021
About the Property
748 N 3rd St, a 17-unit townhouse-style complex located in the suburban family-focused east county region of San Diego. Built in 1982, this sprawling townhouse complex is 30 minutes from downtown San Diego and consists of (17) 2-bdrm. and 1.5-bath townhomes that are approx. 1,045 SF. Each unit includes a back patio, washer, and dryer. 748 N. 3rd St presents approx. 56% rental upside compared to renovated townhomes in the area. The property is offered at $264,000 per unit and $254 per foot, and at the list price, it stabilizes at an 8.56% CAP rate & 8.50 market GRM with projected market rents. Please note, 748 N. 3rd is not subject to local rent control, allowing for an annual rent increase of 5% + CPI. In addition to the spacious units and significant rental upside, this townhouse complex resides on nearly an acre lot with abundant parking, and a well-maintained community pool.
17
Number of Units
1982
Year Built
17,748
SF
Square Footage
38,333 SF
SF
Lot Size
C
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$311,765
Price p/ Sq. ft.
$299
Proforma Cap Rate
7.02%
Contact
Sales agent
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