CA > El Cajon
El Cajon, CA 92020,802 Franklin Avenue
El Cajon, CA 92020,802 Franklin Avenue
El Cajon, CA 92020,802 Franklin Avenue
El Cajon, CA 92020,802 Franklin Avenue
El Cajon, CA 92020,802 Franklin Avenue
El Cajon, CA 92020,802 Franklin Avenue
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Michelle Esquivel

Michelle Esquivel

$ 5,900,000
Est. payment | /mo
Save
$ 5,900,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240026176SD

HOA Y/N No

Property Description

We are pleased to present the “Franklin Ave Apartments,” located at 802-58 Franklin Avenue, a 24-unit multi-family community in Downtown El Cajon. Constructed in 1958, the asset features a unit mix comprised of fourteen (14) one bedroom/one-bathroom units averaging 575 square feet, and ten (10) two-bedroom/one-bathroom units averaging 780 square feet. Existing amenities include spacious common areas, an on-site laundry facility, and ample off-street parking. Significant rental lift can be captured by performing in-unit and community enhancements. The property is conveniently located in the heart of an energetic and thriving historic district, within walking distance to an array of local shopping and dining options, year-round live entertainment, theatre, and festivals. The City of El Cajon is the fifth largest city in San Diego County, with a diverse economic base, regional connectivity across three major highways, local bus services, and MTS trolley lines. One of the most populated areas in the metro, El Cajon contains the largest concentration of apartment inventory in San Diego County. The city is fortified by an inelastic renter base helping sustain a structurally low vacancy rate. The increase in rental demand is driven by a shifting interest to larger units and more green space, away from density and coastal areas.

Location

State CA

County San Diego

Area 92020 - El Cajon

Interior

Fireplace No

Others

Tax ID 4875310700

California Regional MLS (CRMLS)
Listed by Austin Huffman • Marcus & Millichap
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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802 Franklin Avenue