$780,000
$938,000
16.8%For more information regarding the value of a property, please contact us for a free consultation.
5,227 Sqft Lot
SOLD DATE : 07/05/2018
Key Details
Sold Price $780,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 180008482
Sold Date 07/05/18
HOA Y/N No
Lot Size 5,227 Sqft
Acres 0.12
Property Description
Central El Cajon Motel/Aptartments--CASH flowing asset you’ve been looking for! 638 El Cajon Blvd is a 10 unit motel with long term extended stay tenants centrally located in El Cajon within close proximity to 8 Highway and the El Cajon Transit Center. It is also only a few minutes walk to downtown El Cajon, where there is shopping, a library, and various restaurants. The property has undergone recent renovations including upgrades to most major systems, the exterior as a whole, & the interior of units. It is zoned for hotel/motel use & can be run on a day-to-day, weekly, or on a monthly basis. Operating on a day-to-day basis will likely yield a higher cash flow, though all tenants currently on month-to-month basis. This property is easy to maintain with minimal external landscaping. It also includes an on-site laundry machine & parking for each unit. The rents include all utilities including cable and wifi as well. SOLAR has been installed. EZ to keep tenants!! Exterior: ,
Location
State CA
County San Diego
Area 92020 - El Cajon
Zoning COMMERCIAL
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 4875001100
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Other
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Bought with Bill Villa • Villa Realty Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "