*FINANCIALS ARE PRO-FORMA - CURRENT RENTS ARE SIGNIFICANTLY BELOW MARKET*. Value-add 4plex in central El Cajon. Minutes to downtown El Cajon, transit center, restaurants, and retail. Quiet, family-friendly neighborhood near major freeways. (2) 2bed+1bath (roughly 750 SF), (2) 1bed+1bath units (roughly 500 SF). According to assessor building records, the front duplex was built 1955; rear duplex built 1979. (8) off-street parking spaces. Larger 8,085 SF lot - may be possible to add ADUs. Roughly 45% upside in rents. Units are in mostly original condition with some minor upgrades. Unit 213 (2bed+1bath) is more recently upgraded with newer flooring, cabinets, and in-unit W/D. Separately metered for all utilities. Common-area coin-op. laundry. (2) rear storage rooms. Fenced front and rear yard areas with natural grass. Ready for further renovations. Resurfaced parking area and exterior painting completed in 2020 ($30K+ in total upgrades). All tenants on month-month leases.
MLS #
CRPTP2102542
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Pool
None
Garage/Parking
Garage: 0 Car(s)
209 15 Millar Ave is a Residential Income in El Cajon, CA 92020. This – square foot property sits on a 8,085 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $938,000 and was built in 1955.
This address can also be written as 209 15 Millar Ave, El Cajon, CA 92020.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of August 14, 2022. For the most current information, please contact Max Delbecq, (858) 333-7701