MLS® ID: 200011283
1069 Naranca Avenue
El Cajon, California, 92021 $1,949,000
The OLIVE Apartment Homes is a fantastic opportunity to own an absolute turn-key multifamily asset with a strong in-place cap rate with additional upside in rental income. The unit mix consists of six (6) large 2 bedroom / 2 bathroom units (1,050sf each) with in-unit washer/dryer, air-conditioning and private yards on the downstairs units. This 6-unit complex is located in the highly desirable east San Diego county market of El Cajon and has been completely remodeled with quality finishes. El Cajon has experienced more rent growth than almost any other community in San Diego County over the last few years. This is an ideal opportunity for an investor seeking a fully remodeled property with stable, in-place rental income located in one of San Diego County’s most desirable rental markets.