1116-18 Persimmon AveEl Cajon, CA 92021

Property Details for 1116-18 Persimmon Ave

Year built

1984

Lot size

0.20 AC

Property size (Sq ft)

2,158 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a two-unit apartment building situated on a 0.2-acre lot in El Cajon, California. The property, located at 1116-18 Persimmon Ave, boasts a total of 2,158 square feet and features two separate units, each offering three bedrooms and two bathrooms. Built in 1984 and extensively renovated in 2024, one unit is currently vacant and move-in ready, showcasing modern finishes and upgrades. The other unit is occupied, providing immediate rental income. Each unit includes a two-car garage and enjoys private, fully fenced yards with large covered concrete patios. The property is zoned R-2:Minor Multiple, allowing for flexibility. The asking price is $1,199,000, translating to $555.61 per square foot. Currently operating at 50% occupancy, this stabilized investment presents significant potential for increased revenue. Its convenient location offers easy access to shopping, schools, and entertainment. This is a rare opportunity to acquire a turnkey multifamily property in a desirable area, ideal for both owner-occupancy and rental income generation. The property's APN is 4841016900 and is being offered as a 1031 exchange opportunity. The two-story building presents a strong value proposition for discerning investors.

Location Insight

City

El Cajon

County

San Diego

State

California

Latitude

32.8115

Longitude

-116.944

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