1140 E Lexington Ave, El Cajon, CA 92019
Commercial property
Sold November 2024
Listing Agent: Thomas McCartin (DRE #01427348) · Listing Office: Marcus & Millichap · Contact: 818-212-2250 · Bought with: Thomas McCartin · Marcus & Millichap · MLS #240015800SD · Source: CRMLS
About this commercial property
12 Turn Key Units with all of the Major Capital Improvements Completed. Current Owner recently installed and paid for Solar Panels eliminating most electric bills. In addition the roofs, windows, hot water heaters, parking gate, exterior paint have all been updated within the past couple years. All the interiors have been renovated in some fashion over the past 5-7 years. Rents are approximately 12% below market so with all the heavy lifting completed the new owner should be able to continue and raise rents in what is considered a very stable rental market.
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history