Seller's Agent in 2023
Matt Robinson
MD Real Estate, Inc
(858) 361-3159
12 Total Sales
1066 1/2 Aster Ave El Cajon, CA 92020
7
Beds
5
Baths
3,000
Sq Ft
10,019
Sq Ft Lot
Highlights
- Mountain View
- Central Air
- Partially Fenced Property
- Grossmont High School Rated A-
- Laundry Facilities
- Level Lot
About This Home
As of November 20231064-1066 1/2 Aster Ave is a 3 unit property located in El Cajon, California. There is approximately 40% upside in rental income. The City of El Cajon is considered one of the strongest east county rental markets in San Diego County, with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97%-100% and rental rates continue to rise. This community offers excellent access to the Interstate 8 and Interstate 125 freeways, which connect to major employment centers in the greater San Diego area. The subject property was built in 1959 and consists of one 3 bedroom/2 bath unit that is approximately 1,150 square feet, one 2 bedroom/2 bath unit that is approximately 950 square feet, and one 2 bedroom/1 bath unit + a bonus room that is about 900 square feet. The exterior was just painted, the interiors have hardwood flooring, are well kept with 1950's charm, include spacious and efficient layouts, and offer in unit and shared laundry for all residents. Newer HVAC units installed for 1064 and 1066 1/2. There is ample on-site parking and select units come with a private patio or yard space for tenant enjoyment. The property has excellent ADUs potential with the large 0.23 AC lot.
Last Agent to Sell the Property
MD Real Estate, Inc License #01491108 Listed on: 09/26/2023
Last Buyer's Agent
Cathy Zhang
Bay Realty Investments & Managements Inc. License #01331491
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 10,037 Sq Ft Lot
- Partially Fenced Property
- Level Lot
- Sprinkler System
Parking
- RV Potential
Home Design
- Composition Roof
- Wood Siding
- Stucco Exterior
Interior Spaces
- 2-Story Property
- Wired For Data
- Mountain Views
Utilities
- Central Air
- Cooling System Mounted To A Wall/Window
- Gravity Heating System
- Heating System Uses Natural Gas
- Separate Water Meter
- Gas Water Heater
Listing and Financial Details
- Tenant pays for water, cable TV, electricity, gas/propane
- Assessor Parcel Number 492-242-23-00
Community Details
Overview
- 2 Buildings
- 3 Units
Additional Features
- Laundry Facilities
- Net Operating Income $31,804
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/01/2023 11/01/23 | Sold | $1,075,000 | -4.4% | $358 / Sq Ft |
| 10/19/2023 10/19/23 | Pending | -- | -- | -- |
| 10/17/2023 10/17/23 | Price Changed | $1,125,000 | -10.0% | $375 / Sq Ft |
| 09/26/2023 09/26/23 | For Sale | $1,250,000 | -- | $417 / Sq Ft |
Source: San Diego MLS
Agents Affiliated with this Home
-
Matt Robinson
-
C
Buyer's Agent in 2023
Cathy Zhang
Bay Realty Investments & Managements Inc.
-
Joseph Conti
J
Buyer's Agent in 2023
Joseph Conti
Pacific Sotheby's Int'l Realty
(888) 584-9427
42 Total Sales
Map
Source: San Diego MLS
MLS Number: 230018821
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