444 Graves Avenue, El Cajon, CA 92020
- $14,550,000
- List Price
- $14,550,000
- Status
- ACTIVE
- MLS#
- 260014840SD
- Days on Market
- 42
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
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.
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Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 56
- Gross Scheduled Income
- $1,315,669
- Operating Expense
- 590465
Listing courtesy of Listing Agent: Conor Brennan (Conor.Brennan@cbre.com) from Listing Office: Conor Brennan, Broker.
Mortgage Calculator
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