Investment Highlights
- An investor can achieve an additional $285 per unit upside on average (14%) by completing renovations across remaining classic units and making additional enhancements to communal areas.
- Comprised of spacious studio, one-, two-, & three-bedroom floorplans averaging 866 SF.
- Prior ownership has spent $1.14M on in-unit interior upgrades and extensive exterior capital improvements of $945K.
- Just around the corner from E. Main Street, El Cajon's major thoroughfare, less than a mile from Downtown El Cajon which is teeming with a variety of retail, restaurants, galleries, entertainment, and service choices.
- With larger and more affordable units while still having immediate access to major job nodes and employment drivers. El Cajon exhibits one of the steadiest rates of demand and growth in the region over the past 12 months with historically low vacancy rates.
- Conveniently equipped with a sparkling swimming pool with sundeck, assigned parking, laundry facilities, BBQ area, on-site management, 24-hour maintenance, pet-friendly community, and immediate access to major freeways and public transportation.
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