Sold
Closed
1140 E Lexington Ave
El Cajon CA, 92019
$3,685,000
Sold
Closed
Commercial
Listed by Thomas McCartin with Marcus & Millichap 858-373-3100
12 Turn Key Units with all of the Major Capital Improvements Completed. Current Owner recently installed and paid for Solar Panels eliminating most electric bills. In addition the roofs, windows, hot water heaters, parking gate, exterior paint have all been updated within the past couple years. All the interiors have been renovated in some fashion over the past 5-7 years. Rents are approximately 12% below market so with all the heavy lifting completed the new owner should be able to continue and raise rents in what is considered a very stable rental market.
240015800SD
MLSⓇ ID
July 10, 2024
Listed
December 5, 2024
Updated
Map
1140 E Lexington Ave
El Cajon CA, 92019
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.32 Acres
Other Property Details
Area Name
92019 - El Cajon
Days on Market
114
Garage
No
Parking Total
13
View
No
County
San Diego
Pool
No
Zoning
R3 Multipl
Listing History
Date | Event | Price |
|---|---|---|
11/5/2024 | Price change | $3,685,000 -7% |
11/5/2024 | Sold | $3,685,000 |
Listing Contact: 818-212-2250
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Data last updated on 12/5/2024 at 7:07 AM UTC