1364 Naranca Avenue

El Cajon, CA 92021

$1,550,000
Price
8
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 1364-66 Naranca Ave, a truly exceptional property that stands out as the crown jewel of El Cajon. This remarkable investment opportunity boasts three detached homes, each offering unparalleled luxury, privacy, and modern amenities. Currently generating an impressive gross monthly rent of $10,075, this cash cow promises lucrative returns from day one. Step into each of the meticulously crafted homes and prepare to be amazed. No detail has been spared in these residences, with every inch...Welcome to 1364-66 Naranca Ave, a truly exceptional property that stands out as the crown jewel of El Cajon. This remarkable investment opportunity boasts three detached homes, each offering unparalleled luxury, privacy, and modern amenities. Currently generating an impressive gross monthly rent of $10,075, this cash cow promises lucrative returns from day one. Step into each of the meticulously crafted homes and prepare to be amazed. No detail has been spared in these residences, with every inch exuding quality and sophistication. Whether you're an investor seeking a turnkey income property or a homeowner looking for multi-generational living options, this property has it all. Each home features its own separate access, HVAC system, and laundry facilities, ensuring convenience and comfort for all occupants. The spacious yards are a haven for relaxation and entertainment, showcasing maintenance-free landscaping, expansive trex decks, and a combination of concrete and turf for easy upkeep. Privacy is paramount, with 9-foot modern security fencing separating each unit, allowing residents to enjoy their own secluded oasis. Strategically located near freeways and shopping centers, this property offers unmatched convenience and accessibility. Whether you're considering multi-family living, house hacking, or pure investment potential, this property presents an unparalleled opportunity. Additionally, savvy investors can explore the benefits of a cost segregation study, potentially unlocking significant tax advantages.

Listing Agents

  1. Tony Elias

    Tony Elias

    Listing Agent

    Compass

    DRE #01305085

    tony.elias@compass.com

    P: 619.838.9838

  2. Christian Meno

    Christian Meno

    Alternative Listing Agent

    Compass

    DRE #02004894

Property Details for 1364 Naranca Avenue

Zoning
R-2:MINOR
Cross Streets
Grape
Area
El Cajon (ELC)
Lot Size Area
14329
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly

Location

Listing Courtesy of Compass, Tony Elias, DRE #01305085; Compass, Christian Meno, DRE #02004894
Add your commute
LISTING UPDATED: 04/23/2024 04:21 PM

Property Details for 1364 Naranca Avenue

StatusPending
MLS #240006607SD
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.33 AC / 14,329 SF
CountySan Diego County

Location

Listing Courtesy of Compass, Tony Elias, DRE #01305085; Compass, Christian Meno, DRE #02004894
Add your commute

Building Information for 1364 Naranca Avenue

Stories2Year Built1973Building Size-Lot Size0.33 AC / 14,329 SF

Payment Calculator

$9,033 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$574

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1364 Naranca Avenue

Community / Development
Community / Development
  • Complex Name: N/K
  • Number Of Units: 3
  • Builders Tract Name: El Cajon
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $120,900.00
  • Gross Scheduled Income: $10,075
  • Cap Rate: 12.80%
  • Gross Rent Multiplier: $12.80
  • Other Income1: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.33
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Central Forced Air, Zoned Area(s)
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full
Lease Terms
Lease Terms
  • Listing Terms: Cal Vet Loan, Cash, Conventional, FHA, VA
  • Tenant Pays: Electricity, Gas/Propane, Hot Water, Sewer, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $3,650.00
  • Unit Actual Rent: $3,650.00
  • Unit Projected Rent: $3,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $3,275.00
  • Unit Actual Rent: $3,275.00
  • Unit Projected Rent: $3,275.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $3,150.00
  • Unit Actual Rent: $3,150.00
  • Unit Projected Rent: $3,150.00
  • Like Units: 1

Property History for 1364 Naranca Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1364 Naranca Avenue

Taxable ValueLand$205,438Additions$303,103Total$508,541
Tax Record2023$6,889 ($574 / month)
Home Facts
Beds3Total Finished SqFt1,215 SqFtAbove Grade Finished SqFt1,215 SqFtLot Size14,329 SqFtStyleSingle Family ResidenceYear Built1973ZoningR-2:MINOR MULCountySAN DIEGOAPN484-263-47-00

Schools near 1364 Naranca Avenue

This home is within Cajon Valley Union School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
W. D. Hall Elementary School
PublicK to 5

Bostonia Elementary School
PublicK to 8

Greenfield Middle School
Public6 to 8

El Cajon Valley High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Tony Elias, DRE #01305085; Compass, Christian Meno, DRE #02004894

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