337 North 1st Street

El Cajon, CA 92021

$2,150,000
Price
10
Beds
10
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Property is a 5.5% CAP on current income! The property has also permits to build 2 NEW CONSTRUCTION ADU's. Shovel ready. 337 N First St. is a six unit apartment complex the City of El Cajon. All units at this property have been renovated and the exterior has been upgraded with new paint and landscaping! The property sits on a 11,867 SF lot and has a total of 5,500 rentable square footage. The property has a favorable unit mix of all 2 BD 2 BA units. El Cajon is a growing market for multifamily and...Property is a 5.5% CAP on current income! The property has also permits to build 2 NEW CONSTRUCTION ADU's. Shovel ready. 337 N First St. is a six unit apartment complex the City of El Cajon. All units at this property have been renovated and the exterior has been upgraded with new paint and landscaping! The property sits on a 11,867 SF lot and has a total of 5,500 rentable square footage. The property has a favorable unit mix of all 2 BD 2 BA units. El Cajon is a growing market for multifamily and this investment will be a good addition to your portfolio!
  1. Listed by Jason J Lee • DRE #02068011 • Brokerage DRE #02168226 • JLM Real Estate Inc.

Property Details for 337 North 1st Street

City Postal ID
EL CAJON (92021)

Location

Listing Courtesy of JLM Real Estate Inc., Jason J Lee, DRE #02068011
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LISTING UPDATED: 01/30/2024 11:21 AM

Property Details for 337 North 1st Street

StatusActive
MLS #230014843
Days on Market245
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size0.27 AC / 11,761 SF
CountySan Diego County

Location

Listing Courtesy of JLM Real Estate Inc., Jason J Lee, DRE #02068011
Add your commute

Building Information for 337 North 1st Street

Stories-Residences-Year Built-Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

$13,274 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$1,541

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 337 North 1st Street

Summary Information
Property and Location
  • System ID: 230014843
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 337
  • Street Direction: N
  • Street Name: First Street
  • Market Area: East County
  • Geological Hazard Zone: Hazard Unknown
  • Flood Zone: Hazard Unknown
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 6
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: 2.5 through 5.0 Acres
  • Lot Dimensions Approx: 11867
  • Zoning: R3
  • Assessors Parcel Num: 489-140-76-00
Multi Family Information
Unit 1
  • Unit Furnished: 0
  • Unit Rent: 2495
  • Unit Rent Total: $2,495
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Number of Bathrooms: 2
Unit 2
  • Unit Furnished: 0
  • Unit Rent: 2600
  • Unit Rent Total: $2,600
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Number of Bathrooms: 2
Unit 3
  • Unit Furnished: 0
  • Unit Rent: 2195
  • Unit Rent Total: $2,195
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Number of Bathrooms: 2
Unit 4
  • Unit Furnished: 0
  • Unit Rent: 2350
  • Unit Rent Total: $2,350
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Number of Bathrooms: 2
Unit 5
  • Unit Furnished: 0
  • Unit Rent: 2550
  • Unit Rent Total: $2,550
  • Unit 5 Number of Bedrooms: 2
  • Unit 5 Number of Bathrooms: 2
Building Details
  • Age: 1977
  • Have: Property
  • Motive/Want: Sell
  • SqFt of Improvement: 0
  • Tenant Pays Electric: Y
  • Tenant Pays Gas: Y

Property History for 337 North 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 337 North 1st Street

Taxable ValueLand$765,000Additions$612,000Total$1,377,000
Tax Record2023$18,488 ($1,541 / month)
Home Facts
Lot Size11,867 SqFtStyleMulti-Family Res (5+ Units)Year Built2000ZoningR-3:RESTRICTECountySAN DIEGOAPN489-140-76-00

Schools near 337 North 1st Street

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

Cajon Valley Middle School
Public6 to 8

El Cajon Valley High School
Public9 to 12

Eje Middle Academy
Charter6 to 8

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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337 North 1st Street is a multi-family home for sale in El Cajon, CA 92021. This property was listed for sale on August 1, 2023 by JLM Real Estate Inc., it's currently listed at $2,150,000. It has been on the market for a total of 245 days and was last sold on September 30, 2021. This listing's school districts are Cajon Valley Union School District, Grossmont Union High School District. Nearby schools include Lexington Elementary School, Cajon Valley Middle School and El Cajon Valley High School. 337 North 1st Street is a 10-bed, 10-bath, multi-family home.

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Listing Courtesy of JLM Real Estate Inc., Jason J Lee, DRE #02068011

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