691 Graves, El Cajon, CA 92021

Property Description

*Gorgeous 4 plex w/ detached stand-alone house, + 3 townhouse-style apartments. All 4 units fully remodeled to high quality w/ new kitchens, bathrooms, flooring, appliances, fixtures, lighting, dual pane windows/sliders, etc. *Townhouses each 3 bed 2.5 bath, 2-story, with master-suite, > 1200 sqft. House 3 bed 1 bath, 1 story, >1200 sqft. Townhouses have centralized gas heat & A/C. House has thru-wall AC each room & gas heat. *Townhouses all have large, private, fenced, gated concrete patios & back yards off kitchen/dining room slider. House has wrap-around large, private, fenced, gated patio & gorgeous front yard. *Townhouses each have large laundry nook w/ hookups for full size separate washer & dryer,. House comes w/ stacked full size washer-dryer. *Exterior hard-scape & landscaping redone – concrete patios, concrete/asphalt drive-park, trees/roses/plants, all drip irrigation, etc. Exterior just painted, including mural. *Owner occupier?--Then front house can be delivered vacant. - 8 marked parking spots with additional 3 unmarked - Utilities ultra low cost to landlord. Each unit pays its own utilities. Separate SDGE meters for gas (qnty 4) and electric (qnty 4). Each unit has its own water heater on its own gas heating source/meter. - Each unit signs up for its own trash service. Water (single meter) is separately plumbed to each unit with a separate dedicated line In, making sub-metering water easy - All sloped roofs - Quiet street with lots of single family homes - Easy access to freeways I-8 and 67. Easy access to restaurants, shops, downtown, etc. - Current rents are near market rates so you can get a good loan (how refreshing)! - Already fully remodeled inside and out (how refreshing)! - Rent current ~ $12,400/mo & CAP ~ 5.3%. - Proforma ~ $12,800/mo & CAP ~ 5.5%. $386/sqft - Enough additional space on the lot for future ADUs