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1255-1269 Jeannine Ln 8 Unit Apartment Building $6,142,048 CAD ($767,756 CAD/Unit) 4.95% Cap Rate El Cajon, CA 92021
INVESTMENT HIGHLIGHTS
- 4 Duplexes that are each 3 Bedroom/2 Bathrooms/2 Car Attached Garages/Big Yards
- Individually Metered
- EX Bread-n-Butter Units to Manage
- Convert Garages to ADU
EXECUTIVE SUMMARY
TREMENDOUS OPPORTUNITY...DUPLEXES ANYONE? HOW ABOUT 4 DUPLEXES? These are EZ bread and butter units to manage with long term tenants. DRIVE BY ONLY..PLEASE BE DISCREET..AGENTS, Your Clients have the opportunity to purchase (4) duplexes as a bulk sale. Each unit is identical (3) bedrooms, (2) bathrooms, 1100 Sq ft/unit, (2) car garages/unit, HUGE Yards/Unit. MARKET RENT NOW ESTABLISHED AT $3200 for One side of one of the duplexes. Current Cap rate is 4.95% based on 2026 current projection today less trash and management expense. W ho doesn't want 3 bedroom/2 bath units with garages and laundry and huge yards in all 4 buildings. That means a total of (24) Bedrooms and (16) Bathrooms that are available and all within a few steps of one another. The units are really detached houses as they are only connected at the front of the building by the roof foyer. Tenant Pays electric, gas, and water (yes, each unit is individualized)..Possible play would also be to convert the garages to ADU??
PROPERTY FACTS
| Price | $6,142,048 CAD | Building Class | C |
| Price Per Unit | $767,756 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 8,800 SF |
| Cap Rate | 4.95% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-3, El Cajon - Residential | ||
| Price | $6,142,048 CAD |
| Price Per Unit | $767,756 CAD |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 8,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3, El Cajon - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Family Room
- Linen Closet
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 8 | - | 1,100 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,384,425 CAD | |
| Land Assessment | $1,086,085 CAD | Total Assessment | $2,470,510 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,086,085 CAD
Improvements Assessment
$1,384,425 CAD
Total Assessment
$2,470,510 CAD
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Presented by
Bankers Hill Capital, Inc
1255-1269 Jeannine Ln
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