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Hart Townhomes 445-523 Hart Dr 24 Unit Apartment Building $17,925,601 CAD ($746,900 CAD/Unit) 4.85% Cap Rate El Cajon, CA 92021
Investment Highlights
- All units were renovated between 2016 and 2019 to a consistent, modern finish level.
- Wood-burning fireplaces, central HVAC, skylights, and in-unit laundry hookups are standard.
- Durable concrete drives and xeriscape landscaping reduce long-term maintenance needs.
- The property sits minutes from Interstate 8, State Route 67, and major retail amenities.
Executive Summary
Hart Drive Townhomes is a professionally maintained, 24-home townhome community located on a private drive in El Cajon. Originally developed as a for-sale product, the property offers a residential experience rarely found in the local rental market. Each attached duet townhome features direct-access two-car garages, private walled yards, and thoughtfully designed interiors that live like single-family homes.
The community was built in 1991 and comprehensively renovated between 2016 and 2019 to a uniform finish standard, creating a cohesive, modern aesthetic throughout. Interior features include stainless steel appliances, upgraded cabinetry, granite countertops, natural stone flooring, wood-burning fireplaces, central heating and air, skylights, and double-pane windows.
The 1.67-acre site is engineered for durability and efficiency with concrete drive aisles, xeriscape landscaping, individual water meters, and a property-wide security camera system. Its infill East County location provides convenient access to regional retail, employment centers, and major transportation routes.
The community was built in 1991 and comprehensively renovated between 2016 and 2019 to a uniform finish standard, creating a cohesive, modern aesthetic throughout. Interior features include stainless steel appliances, upgraded cabinetry, granite countertops, natural stone flooring, wood-burning fireplaces, central heating and air, skylights, and double-pane windows.
The 1.67-acre site is engineered for durability and efficiency with concrete drive aisles, xeriscape landscaping, individual water meters, and a property-wide security camera system. Its infill East County location provides convenient access to regional retail, employment centers, and major transportation routes.
Property Facts
| Price | $17,925,601 CAD | Building Class | B |
| Price Per Unit | $746,900 CAD | Lot Size | 1.68 AC |
| Sale Type | Investment | Building Size | 32,800 SF |
| Cap Rate | 4.85% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1991/2016 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | RV - 140 - 5 - 15 Units Generic | ||
| Price | $17,925,601 CAD |
| Price Per Unit | $746,900 CAD |
| Sale Type | Investment |
| Cap Rate | 4.85% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.68 AC |
| Building Size | 32,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1991/2016 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | RV - 140 - 5 - 15 Units Generic |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Double Vanities
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Yard
- Dining Room
- Double Pane Windows
- Instant Hot Water
- Skylights
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 22 | - | 1,350 |
| 4+2.5 | 2 | - | 1,550 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 483-103-30 | Improvements Assessment | $4,315,673 CAD |
| Land Assessment | $1,419,003 CAD | Total Assessment | $5,734,675 CAD |
Property Taxes
Parcel Number
483-103-30
Land Assessment
$1,419,003 CAD
Improvements Assessment
$4,315,673 CAD
Total Assessment
$5,734,675 CAD
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Hart Townhomes | 445-523 Hart Dr
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