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Additional details
$ 14,550,000
Est. payment /mo
New
444-60 Graves Avenue El Cajon, CA 92020
105 Beds
105 Baths
52,400 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 52,400 sqft
Price per Sqft $277
MLS Listing ID 260014840
Bedrooms 105
Full Baths 95
Half Baths 10
Property Sub-Type Com-Res Income
Property Description
Pleased to present Maronda Terrace, a 56-unit gated multifamily investment opportunity located in the heart of El Cajon, one of East San Diego County's most established rental markets. Built in 1972, the property sits on an expansive ±1.84-acre parcel and features a desirable unit mix consisting of seven (7) one-bedroom/one-bath units, ten (10) two-bedroom/one-and-a-half-bath townhome units, and thirty-nine (39) two-bedroom/two-bath units, appealing to a broad tenant base seeking larger floor plans and convenient access to regional amenities. The asset has benefited from extensive capital improvements that significantly reduce deferred maintenance and support long-term operational stability. Recent upgrades include roof replacements with long-term warranties on most buildings, upgraded electrical subpanels, exterior paint, parking lot resurfacing, interior property fencing, asphalt improvements throughout parking areas, updated water heaters, and completed SB721 balcony inspections. These improvements provide investors with a well-maintained asset requiring limited near-term capital expenditures.
Location
State CA
County San Diego
Area East County
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 488-010-37
Special Listing Condition Call Agent
Listed by Conor M Brennan, DRE#01918598 Conor Brennan, Broker
NEARBY SCHOOL & BUSINESS
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