Sold
1011 Leslie Rd
El Cajon CA, 92020
$4,400,000
$240.50 per sqft
Sold
5 Beds
18,295 sqft
Commercial
This is a true value-add investment opportunity in the highly coveted center of El Cajon city. Offered to the market for the first time in 11 years, this prominently located, mid-century building features a secured courtyard, as well as asigend parking. The excellent unit mix consists of FOUR 2bedrooms 1.5 bathrooms FOUR 2bedrooms 1bathroom and TEN 1bedroom 1bathroom with extra income from the laundry. Roof was replaced 10 years ago and the parking surface was replaced a year ago. As an investment, the Property offers investors an incredible value-add opportunity. With rents approximately 26% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood.
210030879
MLSⓇ ID
November 8, 2021
Listed
February 10, 2024
Updated
Map
1011 Leslie Rd
El Cajon CA, 92020
Interior Features
Total Stories
2
Bedrooms
5 Beds
Laundry Description
Owned
Floor Description
Concrete, Wood, Vinyl, Other
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.42 Acres
Exterior Features
Remarks
Lot Features
No Landscaping
Roof
Composition
Other Property Details
Area Name
East County
Days on Market
69
Garage
No
Parking
Spaces
View
No
County
San Diego
Pool
No
Zoning
COMMERCIAL
Buyer Agency Compensation
2%
Listed by Bluxen, Inc, Farid Khayamian,
Listing Contact: 858-922-4845
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Data last updated 1:59 AM UTC, 2/10/2024
