786 S Orange Ave, El Cajon, CA 92020

About this commercial property

786 S Orange Ave is a six unit apartment complex located in El Cajon, CA. All units are a desirable mix of two-bedroom one-bath apartment homes of approximately 775 square feet. The two-story apartment building was originally constructed in 1971. The complex offers off -street parking, on-site laundry, and fenced courtyard. Each unit is metered for Gas & Electric; the Tenants reimburse(RUBS) for water (billed by Landlord). The on-site laundry consists of one washerand one dryer; each machine is leased. Two of the six units have undergone interior renovations and have achieved rents over $2,000/mo. The remaining units are substantially below market giving an investor a true value add opportunity (20% rent increase on remaining units).

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$1,600,000

Sold February 2023 · listed $1,775,000, orig. $1,850,000, on market October 2022 · MLS #220025677SD · Source: CRMLS

Listing Agent: Jorge Jimenez · Listing Office: SVN / Vanguard · Contact: 619-658-1111 · Bought with: Melvina Selfani · Century 21 Award

$710,000

Sold April 2013 · listed $705,000, orig. $729,000, on market August 2012 · MLS #120042633 · Source: CRMLS

Listing Agent: Terry Moore · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Lee Homer · Kensington Properties

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