El Cajon, CA 92020,638 El Cajon Blvd
El Cajon, CA 92020,638 El Cajon Blvd
El Cajon, CA 92020,638 El Cajon Blvd
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$780,000

$938,000

16.8%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Bill Villa • Villa Realty Inc.
Bought with Bill Villa • Villa Realty Inc.
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