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Seller's Agent in 2023
Rocket Glass
RDI Group - Rocket Realty
638 El Cajon Blvd El Cajon, CA 92020
--
Bed
10
Baths
2,033
Sq Ft
4,792
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- No Heating
- Grossmont High School Rated A
- Rectangular Lot
About This Home
As of December 2023Outstanding opportunity to acquire The Boulevard, a 10 room multi-family property with an existing motel license for potential short-term rentals. The asset presents a rare opportunity to acquire a multi-family property in the center of the city’s plan for “El Cajon Village”. Work is already underway to give this corridor a “Main Street” feeling with a highly walkable environment. Additionally, the property includes on-site parking and laundry facilities for the convenience of residents. This one-of-a-kind offering allows an investor to acquire an existing hospitality asset and reposition to add value or the potential to create value by adaptively reusing the improvements for an alternative use such as multi-family apartments, and more. Buyer should consult with their consultants and the City for permissible uses, permit and entitlement processes, related restrictions and density/affordability bonus.
Last Agent to Sell the Property
Rocket Glass
RDI Group - Rocket Realty License #01787282 Listed on: 08/29/2023
Last Buyer's Agent
nonmls nonmls
non mls
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1938
Lot Details
- 4,792 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Paved or Partially Paved Lot
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 2,033 Sq Ft Home
- 2-Story Property
- Laundry Room
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 487-500-11-00
- Tax Tract Number 48750
- Assessor Parcel Number 4875001100
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $5,000
- Professional Management Expense $6,961
- Trash Expense $2,400
- Water Sewer Expense $5,400
- Security Expense $22,000
- New Taxes Expense $23,000
- Operating Expense $61,330
- Gross Income $155,304
- Net Operating Income $86,725
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/22/2023 12/22/23 | Sold | $1,650,000 | -8.3% | $812 / Sq Ft |
| 10/12/2023 10/12/23 | Price Changed | $1,800,000 | -5.3% | $885 / Sq Ft |
| 08/29/2023 08/29/23 | For Sale | $1,900,000 | -- | $935 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
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Buyer's Agent in 2023
nonmls nonmls
non mls
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2306716
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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