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1140 & 1146 E Lexington Ave El Cajon, CA 92019
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Key Details
Sold Price $3,685,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240015800
Sold Date 11/04/24
Lot Size 0.319 Acres
Acres 0.3
Property Description
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.
Location
State CA
County San Diego
Area El Cajon (92019)
Zoning R3 Multipl
Interior
Cooling Wall/Window
Flooring Vinyl
Exterior
Exterior Feature Metal Fence, No Landscaping, Solar Owned
Total Parking Spaces 13
Building
Story 2
Lot Size Range .25 through .50 Acres
Others
Space Rent $302,940
Financing Cash
Read Less
Bought with Thomas McCartin • Marcus & Millichap