Palm Residence is an 11-unit property that consists of one structure totaling 3,514 rentable square feet built in 1951 on a 12,979 square foot lot. There is a 1 Bedroom manager’s unit with a full kitchen and 10 studios without kitchens. All units have walk-in closets and large bathrooms. The property features 11 parking spaces, onsite laundry facilities and two large storage sheds. All tenants are month to month and there is 33% upside in rents. There is conditional approval for Single Room Occupancy use and more improvements are required for final approval. Buyer to verify property use, zoning and square footage. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.
Mls | 240020661SD |
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Listing Type | For Sale |
Subtype | Resale |
Status | Pending |
Days On Site | 106 |
Listing Provided By | NorthMarq Multifamily 858-675-7865 | Benn Vogelsang |
Units | 11 |
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State | CA |
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County | San Diego |
City | El Cajon |
Zip Code | 92021 |
Area | 92021 El Cajon |
Listing VS Median (in 92021) | |
Price: $1,500,000 low | high Med: $527,500 On Site: 106 low | high Med: 39.000000 |