424 Emerald Avenue

El Cajon, CA 92020

$3,500,000
Last Sold Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

424 Emerald is a Fourteen Unit Apartment Community that Offers a Fully Rented and Freshly Renovated Investment Opportunity. Professional Design Elements have been Implemented throughout from New Flooring to Floating Bathroom Vanities. This Asset Offers a Product for the Modern Tenant and Investor alike: Gated Community, Stabilized Cash Flow, Low Maintenance & High End Finishes w/ Convenient Access to Schools and Freeways. The Property Consists of Eleven 2BR/1BA Units & Three 3BR/1BA Units with Efficient...424 Emerald is a Fourteen Unit Apartment Community that Offers a Fully Rented and Freshly Renovated Investment Opportunity. Professional Design Elements have been Implemented throughout from New Flooring to Floating Bathroom Vanities. This Asset Offers a Product for the Modern Tenant and Investor alike: Gated Community, Stabilized Cash Flow, Low Maintenance & High End Finishes w/ Convenient Access to Schools and Freeways. The Property Consists of Eleven 2BR/1BA Units & Three 3BR/1BA Units with Efficient Floor Plans in a Secure Complex. Additional Features include Gated Off-Street Parking, New Appliances, Tankless Water Heaters, and On-Site Laundry Room.
  1. Listed by Adam Cairo • DRE #01948040 • South Coast Commercial, Inc.

Property Details for 424 Emerald Avenue

City Postal ID
EL CAJON (92020)

Location

Listing Courtesy of South Coast Commercial, Inc., Adam Cairo, DRE #01948040

Sold By South Coast Commercial, Inc., Seth R Watje, DRE #01805453

Add your commute
LISTING UPDATED: 07/15/2020 12:55 PM

Property Details for 424 Emerald Avenue

StatusSold
MLS #200006909
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size0.38 AC / 16,552 SF
CountySan Diego County

Location

Listing Courtesy of South Coast Commercial, Inc., Adam Cairo, DRE #01948040

Sold By South Coast Commercial, Inc., Seth R Watje, DRE #01805453

Add your commute

Building Information for 424 Emerald Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.38 AC / 16,552 SF

Payment Calculator

$24,519 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$5,418

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 424 Emerald Avenue

Summary Information
Property and Location
  • System ID: 200006909
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 424
  • Street Name: Emerald Ave
  • Map Coordinates: 1251E6
  • Market Area: East County
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: .25 through .50 Acres
  • Zoning: R-
  • Assessors Parcel Num: 487-541-21-00
Multi Family Information
Unit 1
  • Unit Furnished: 0
  • Unit Rent: 1573
  • Unit Rent Total: $17,303
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Number of Bathrooms: 1
Unit 2
  • Unit Furnished: 0
  • Unit Rent: 1935
  • Unit Rent Total: $5,805
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Number of Bathrooms: 1
Building Details
  • Age: 1959
  • Have: 14 Units
  • Motive/Want: $$$$
  • SqFt of Improvement: 11,840

Property History for 424 Emerald 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 424 Emerald Avenue

Taxable ValueLand$2,550,000Additions$1,674,840Total$4,224,840
Tax Record2023$65,016 ($5,418 / month)
Home Facts
Total Finished SqFt11,840 SqFtAbove Grade Finished SqFt11,840 SqFtLot Size16,569 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningR-3:RESTRICTECountySAN DIEGOAPN487-541-21-00

Schools near 424 Emerald Avenue

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
Johnson Elementary School
PublicK to 5

Cajon Valley Middle School
Public6 to 8

Grossmont 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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Similar Sold Homes

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Listing Courtesy of South Coast Commercial, Inc., Adam Cairo, DRE #01948040

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