For Sale
$845,000

1122-24 Oro St El Cajon, CA 92021

Two-unit apartment building, high occupancy, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional El Cajon investment opportunity presents a meticulously maintained duplex located at 1122-24 Oro St, 92021, San Diego County, California. The property, built in 1985, consists of one single-story building encompassing 1,648 square feet and features two units, each offering two bedrooms and two bathrooms. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $36,816, representing a 4.36% capitalization rate. Pro forma projections indicate a NOI of $45,984 and a 5.44% capitalization rate. Recent exterior improvements include new fencing, windows, paint, landscaping, and parking lot resurfacing. Each unit is generously sized with a practical floor plan, individual hot water heaters, in-unit laundry rooms, ample parking, and private outdoor space. The asking price is $845,000, or $422,500 per unit. The property's APN is 484-102-63-00. This turnkey duplex offers a compelling investment opportunity with significant upside potential. The property's strong performance and recent upgrades make it an attractive addition to any investment portfolio.

Highlights

  • $845,000 asking price for a 2-unit apartment building in El Cajon, CA.
  • 1,648 square feet, priced at $512.74 per square foot.
  • 4.36% cap rate, 5.44% pro-forma cap rate.
  • 100% occupancy with a current NOI of $36,816 and a pro-forma NOI of $45,984.
  • Two units, each with two bedrooms and two bathrooms, priced at $422,500 per unit.
  • Built in 1985, single-story building.

Property Details for 1122-24 Oro St

Property type
Apartment buildings
Square Feet
1,648 SF
Year Built
1985
Buildings
1
Stories
1
Units
2

Location Insight

City
El Cajon
County
San Diego
State
California
Latitude
32.8102592
Longitude
-116.9404688

FAQs

What type of property is this?
Apartment building - Two-unit apartment building, high occupancy, strong ROI.
Where is the apartment building located?
The property is located at 1122-24 Oro St El Cajon, CA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: $845,000 asking price for a 2-unit apartment building in El Cajon, CA.; 1,648 square feet, priced at $512.74 per square foot.; 4.36% cap rate, 5.44% pro-forma cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1122-24 Oro St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message