331 Roanoke Rd El Cajon, CA 92020
Highlights
- Property is near park
- Park
- Landscaped
- No HOA
- Laundry Room
- Wood Fence
About This Home
Rare 6-Unit Investment Opportunity – Prime Income Property Now available , this well-positioned 6-unit apartment complex presents an exceptional opportunity for investors seeking strong cash flow and long-term appreciation. Featuring a diverse unit mix, the property attracts a wide range of tenants, ensuring consistent occupancy and income stability. Strategically located in a high-demand rental area, this asset benefits from steady tenant interest, convenient access to local amenities, and solid rental growth potential. Ideal for both seasoned investors and those looking to expand their portfolio, this property offers multiple avenues for value-add improvements and increased returns. Don’t miss this chance to acquire a versatile multi-family asset with built-in income and upside potential. only Unit 2 has washer & dryer hook up. please drive by only , don't disturb tenant.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 17,280 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Brick Fence
- Wire Fence
- Landscaped
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 4,800 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Additional Features
- Property is near park
- No Heating
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 1727
- Assessor Parcel Number 4881131500
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 6 Units
Recreation
- Park
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,200
- Trash Expense $2,350
- Water Sewer Expense $3,500
- New Taxes Expense $27,500
- Operating Expense $43,100
- Gross Income $142,200
- Net Operating Income $99,100
Map
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/26/2026 03/26/26 | For Sale | $2,199,000 | -99.0% | $458 / Sq Ft |
| 03/26/2026 03/26/26 | For Sale | $219,900,000 | 0.0% | $45,813 / Sq Ft |
| 03/25/2026 03/25/26 | Off Market | $219,900,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2602832
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.