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    2054 2054A E Madison

    El Cajon, CA 92019
    • $1,280,000
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: 210005300
    UPDATED: 56 min ago
    $1,280,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    #1) property includes 3121sqft, 4br/3ba main house on 2.04 acres APN #508-240-09. Main house also has an unpermitted 2br/1ba rental originally permitted as workshop. #2) property also includes 832sqft 3br/1ba on 1.62 acres APN #508-240-11. For a total of 3.62acres with two permitted house plus 1 unpermitted residence in the Shadow Mountain area near Shadow Mountain Community Church and Camelot Parkway. Great potential for a lot split to create some additional building sites, and fix up and resale existing homes. Both homes are tenant occupied; current rent is $3,000 & $1,500. Access to interiors with written offer received; conditional upon buyers approval of interior. Other Fees: 0 Sewer: Septic Installed Unit # for Unit 1: 2054 Unit # for Unit 2: 2054A Number of Furnished Units: 0 Topography: LL,GSL

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T07:32:43.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/114637555
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    2054 2054A E Madison El Cajon, CA 92019

    • Price: $1,280,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 210005300
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1950
    Built
    Neighborhood:
    El Cajon
    County:
    San Diego
    Area:
    92019 - El Cajon
    Property Description
    #1) property includes 3121sqft, 4br/3ba main house on 2.04 acres APN #508-240-09. Main house also has an unpermitted 2br/1ba rental originally permitted as workshop. #2) property also includes 832sqft 3br/1ba on 1.62 acres APN #508-240-11. For a total of 3.62acres with two permitted house plus 1 unpermitted residence in the Shadow Mountain area near Shadow Mountain Community Church and Camelot Parkway. Great potential for a lot split to create some additional building sites, and fix up and resale existing homes. Both homes are tenant occupied; current rent is $3,000 & $1,500. Access to interiors with written offer received; conditional upon buyers approval of interior. Other Fees: 0 Sewer: Septic Installed Unit # for Unit 1: 2054 Unit # for Unit 2: 2054A Number of Furnished Units: 0 Topography: LL,GSL
    Exterior Features

    Fencing None Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating NoneSee Remarks Heating YN No

    Property Features

    Cap Rate 1.7 Disclosures Unincorporated Gross Scheduled Income 54000 Levels Multi/Split Listing Agreement Exclusive Right With Exception Listing Service Full Service Listing Terms CashConventional Net Operating Income 44000 Possession See Remarks Senior Community YN No Tenant Pays See Remarks

    Listing provided courtesy of Todd Mitchel of Glenn D Mitchel, Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T07:32:43.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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    The Bhagat Group
    22939 Hawthorne Blvd, Suite 203
    Torrance CA, 90505