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$ 8,750,000
Est. payment /mo
Active
310 S Anza El Cajon, CA 92020
22,260 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 22,260 sqft
Price per Sqft $393
MLS Listing ID 250029807
Property Sub-Type Com-Res Income
Property Description
OFFERS DUE Wednesday, July 16th at 4pm pacific time. This low-density, garden-style community consists of 35 apartment homes spread over more than two acres, offering an attractive unit mix of studios, one-, two-, and three-bedroom floor plans. The property features abundant on-site parking with 54 spaces, including 14 garages, as well as community amenities such as laundry facilities and a leasing office. The asset offers both immediate value-add and long-term development upside. Of the 35 units, 21 remain unrenovated (60% of total units), presenting a significant opportunity to raise rents and achieve an estimated $410 rent premium (24% increase in rental income). Additionally, the large underutilized lot provides the potential to expand the community up to 44 units by right under current zoning, with options to convert garage spaces into Accessory Dwelling Units (ADUs) or additional living areas.
Location
State CA
County San Diego
Area East County
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Tax ID 488-262-26-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/250029807
Listed by Eric D Comer Eric D. Comer, Broker