351 Millar Avenue

El Cajon, CA 92020

$725,000
Last Sold Price
5
Beds
4
Baths
2,390 Sq. Ft.
$303 / Sq. Ft.
2,390
Sq. Ft.
$303
per Sq. Ft.

Description

4 units located in good area of El Cajon. (1) 2bd unit, (3) 1bd units. Each have private back yards. 6 parking spaces. Gated rec yard. Well kept. Floors, paint, kitchens and baths upgraded since 2015+. Units rented w/good income and expenses. Selling at 5.4 cap. Current GI of $61,000. Projected GI $64,000 and Approx $20,680 in projected expenses incl new property taxes. Thats 5.7+% cap. Separate gas/electric/water heaters. Roof/windows new 2006. Some newer plumbing piping.4 units located in good area of El Cajon. (1) 2bd unit, (3) 1bd units. Each have private back yards. 6 parking spaces. Gated rec yard. Well kept. Floors, paint, kitchens and baths upgraded since 2015+. Units rented w/good income and expenses. Selling at 5.4 cap. Current GI of $61,000. Projected GI $64,000 and Approx $20,680 in projected expenses incl new property taxes. Thats 5.7+% cap. Separate gas/electric/water heaters. Roof/windows new 2006. Some newer plumbing piping.
  1. Listed by Justin C. Brennan • DRE #01866398 • Brenson Realty, Inc.

Property Details for 351 Millar Avenue

Area
El Cajon (ELC)
Neighborhood
El Cajon
Community
EL CAJON
View Description
N/K
City Postal ID
EL CAJON (92020)
Cross Street(s)
Main

Location

Listing Courtesy of Brenson Realty, Inc., Justin C. Brennan, DRE #01866398

Sold By Pacific Sotheby's Int'l Realty, Ken Pecus, DRE #01056969

Add your commute
LISTING UPDATED: 07/23/2019 07:46 PM

Property Details for 351 Millar Avenue

StatusSold
MLS #190033146
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.18 AC / 7,840 SF
CountySan Diego County

Location

Listing Courtesy of Brenson Realty, Inc., Justin C. Brennan, DRE #01866398

Sold By Pacific Sotheby's Int'l Realty, Ken Pecus, DRE #01056969

Add your commute

Building Information for 351 Millar Avenue

Stories1Residences-Year Built1954Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$3,957 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 351 Millar Avenue

Summary Information
Property and Location
  • System ID: 190033146
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1954
  • Street Number Numeric: 351
  • Street Name: Millar Ave
  • Map Coordinates: 1251E6
  • Complex Features: Gated Community
  • Age Restrictions: N/K
  • Market Area: East County
  • Directions To Property: Main street to millar
  • Telecommunications: Cable (coaxial)
Parking
  • Parking Garage Spaces: 0
  • Parking for RV: None Known
HOA and Fees
  • Home Owner Fees: $0
  • Home Owners Fee Includes: N/K
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
  • Other Fee Type: N/K
Supplement
  • Supplement: Great 4 unit property located in good area of El Cajon. (1) 2bd unit (3) 1bd units. Each have private back yards. Gated complex and yard. Well kept. Upgrades done to floors, paint, kitchens and baths since 2015. All units are rented good income. Selling at over a 5.4% cap. Currently Over $61,000 in Gross income. Projected over $62,000 in GI and Approx $20,680 in projected expenses including projected new property taxes. Thats 5.15% cap. Property has good rent roll and verified expenses. Separate water heaters, gas/elec meters. Units are always easy to rent with multiple applications.
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 0
  • Num of Units w/Cooling: 0
  • Cooling: None
  • Heat Equipment: Wall/Gravity, Other/Remarks
  • Water Heater Type: Gas
  • Heat Source: Electric
  • Equipment: None, Refrigerator
  • Interior Features: Ceiling Fan(s), Laminate Counters, Recessed Lighting
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Fencing: Full
  • Security: Gated Community, N/K
  • Pool: N/K
  • Pool Heat: None Known
  • Spa Heat: None Known
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 7,500-10,889 SF
  • Lot Size Source: Assessor Record
  • Frontage: N/K
  • Additional Property Use: N/K
  • Topography: Level
  • Site: Public Street, Sidewalks, Street Paved
  • Zoning: R-3:RESTRI
  • Complex/Park: Millar
  • Assessors Parcel Num: 487-292-06-00
  • Miscellaneous: N/K
Utilities
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water: Meter on Property
  • Water District: HELIX WATER DISTRICT
  • Water District URL: www.hwd.com
  • Sewer/Septic: Sewer Connected
  • Irrigation: N/K
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 351
  • Parking Garage Unit 1: N/K
  • Parking Non-Garage Unit 1: Uncovered
  • Unit 1 Num of Bedrooms: 1
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $1,200
  • Unit 1 Estimated SqFt: 550
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: No
  • Unit 1 Occupied: Tenant
  • Unit 1 Projected Rent: $1,295
  • Unit 1 Rent Actual: $1,200
Unit 2
  • Unit Num for Unit 2: 353
  • Parking Garage Unit 2: N/K
  • Parking Non-Garage Unit 2: Uncovered
  • Unit 2 Num of Bedrooms: 1
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $1,225
  • Unit 2 Estimated SqFt: 550
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: No
  • Unit 2 Occupied: Tenant
  • Unit 2 Projected Rent: $1,295
  • Unit 2 Rent Actual: $1,225
Unit 3
  • Unit Num for Unit 3: 355
  • Parking Garage Unit 3: N/K
  • Parking Non-Garage Unit 3: Uncovered
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $1,295
  • Unit 3 Estimated SqFt: 550
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: No
  • Unit 3 Occupied: Tenant
  • Unit 3 Projected Rent: $1,295
  • Unit 3 Rent Actual: $1,295
Unit 4
  • Unit Num for Unit 4: 357
  • Parking Garage Unit 4: N/K
  • Parking Non-Garage Unit 4: Uncovered
  • Unit 4 Num of Bedrooms: 2
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Deposit: $1,300
  • Unit 4 Estimated SqFt: 740
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: No
  • Unit 4 Occupied: Tenant
  • Unit 4 Projected Rent: $1,450
  • Unit 4 Rent Actual: $1,400
Building Details
  • Heating: Electric, See Remarks

Property History for 351 Millar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 351 Millar 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

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

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 Brenson Realty, Inc., Justin C. Brennan, DRE #01866398

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.