1349 E Main Street

El Cajon, CA 92021

PRICE REDUCED

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-$100,000 (-6.25%)

$1,500,000

List Price

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Property Description

Palm Residence is an 11-unit property that consists of one structure totaling 3,514 rentable square feet built in 1951 on a 12,979 square foot lot. There is a 1 Bedroom manager’s unit with a full kitchen and 10 studios without kitchens. All units have walk-in closets and large bathrooms. The property features 11 parking spaces, onsite laundry facilities and two large storage sheds. All tenants are month to month and there is 33% upside in rents. There is conditional approval for Single Room Occupancy use and more improvements are required for final approval. Buyer to verify property use, zoning and square footage. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.

Listing Information

List Price $1,500,000
Status Pending
MLS 240020661SD
HOA $0
Type Commercial
Lot Size N/A
Structure Size N/A
DOM 33
Courtesy Of NorthMarq Multifamily
Listing Agent Benn Vogelsang DRE#01883437

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Benn Vogelsang, NorthMarq Multifamily . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 3rd, 2024 at 6:03 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.