Address
193 W Park Avenue El Cajon, CA
Price
$ 4,600,000
Property Attributes
  • MLS#200048387
  • TypeIncome
  • CountySAN DIEGO
  • CityEl Cajon
  • AreaEast County
  • NeighborhoodEast County
  • Zip92020
  • Style
  • Price$ 4,600,000
  • Bedrooms8
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage19431
Listing Provided Courtesy Of:
South Coast Commercial, Inc.
Property Description

I am happy to present the Park Royale Apartments In The El Cajon Market of San Diego County. This property has been a well maintained family property for over 25 years and is being sold because the property recently came out of a trust. The property had over $400,000 worth of upgrades and improvements done in 2015. Built in 1973 and was renovated in 2015, the Park Royale Apartments is situated on a 24,829 SF Lot, and consists of a mix 1 bedroom, 2 bedroom/ 1 bath, 2 bedroom/2 bath, one studio currently being used as a leasing office, and a 3 bed/2 bath unit. The property features a well-maintained swimming pool and a grill that many of the tenants enjoy every weekend. The property also has 28 parking lots, with 4 shaded spots paying $40 each, and a coin laundry room onsite. A great opportunity for an investor looking to purchase a bread and butter apartment building at a low 4% cap, with high 5% cap upside in rents.

Price History
10/13/2020 Listed $4,600,000

General Features

# Of Units (1) 1
# Of Units (2) 4
# Of Units (3) 4
# Of Units (4) 11
# Of Units (5) 1
Amenities Heated Pool
Sale/rent For Sale
Total Units 21

Interior Features

Baths in Unit 1 2.0
Baths in Unit 2 2.0
Baths in Unit 3 1.0
Baths in Unit 4 1.0
Baths in Unit 5 1.0
Bedrooms in Unit 1 3
Bedrooms in Unit 2 2
Bedrooms in Unit 3 2
Bedrooms in Unit 4 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92020

Price
AVG $2M
$4.6M
Visits
AVG 74
18
Walkscore
AVG 58
87
Data Provided by Walkscore ® not using MLS data

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