977 Coleen Ct, El Cajon, CA 92021
  • MLS#: 250026535SD ( Commercial/Residential )
  • Street Address: 977 Coleen Ct
  • Viewed: 1
  • Price: $2,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 13
  • Additional Information
  • County: SAN DIEGO
  • City: El Cajon
  • Zipcode: 92021
  • Provided by: JLM Real Estate Inc
  • Contact: Jason Jason
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    977 Coleen Ct presents a rare, true value add opportunity in the heart of El Cajon. The property consists of 10 units six 2 bedroom/1 bath and four 1 bedroom/1 bath all larger than average floor plans for the area. Each unit includes a dedicated parking space, providing a competitive edge in tenant appeal. Currently operating at a 4.7% cap rate, the property offers a straightforward path to a 5.4% proforma through light operational improvements and strategic management. With stable in place income and a tenant base that supports long term cash flow, this asset is well positioned for investors looking to unlock additional value without heavy capital expenditure. Located in a high demand rental corridor with limited new supply, 977 Coleen Ct offers both immediate income and longer term upside in one of East Countys most resilient submarkets.
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Features
Country
  1. US
Netoperatingincome
  1. 125832.00
Parcel Number
  1. 5072702400
Phase
  1. 10
Property Type
  1. Commercial/Residential
Totalmonthlyrent
  1. 18165