For more information regarding the value of a property, please contact us for a free consultation.
1064 1066 1/2 Aster Ave. El Cajon, CA 92020
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,075,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision El Cajon
MLS Listing ID 230018821SD
Sold Date 11/01/23
HOA Y/N No
Year Built 1959
Lot Size 10,036 Sqft
Property Description
1064-1066 1/2 Aster Ave is a 3 unit property located in El Cajon, California. There is approximately 40% upside in rental income. The City of El Cajon is considered one of the strongest east county rental markets in San Diego County, with great demand for apartment rentals. Historical occupancy in this sub-market is estimated to be approximately 97%-100% and rental rates continue to rise. This community offers excellent access to the Interstate 8 and Interstate 125 freeways, which connect to major employment centers in the greater San Diego area. The subject property was built in 1959 and consists of one 3 bedroom/2 bath unit that is approximately 1,150 square feet, one 2 bedroom/2 bath unit that is approximately 950 square feet, and one 2 bedroom/1 bath unit + a bonus room that is about 900 square feet. The exterior was just painted, the interiors have hardwood flooring, are well kept with 1950's charm, include spacious and efficient layouts, and offer in unit and shared laundry for all residents. Newer HVAC units installed for 1064 and 1066 1/2. There is ample on-site parking and select units come with a private patio or yard space for tenant enjoyment. The property has excellent ADUs potential with the large 0.23 AC lot.
Location
State CA
County San Diego
Area 92020 - El Cajon
Interior
Heating Natural Gas
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Appliance Gas Water Heater
Exterior
Fence Partial
View Y/N Yes
Roof Type Composition
Building
Lot Description Sprinkler System
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4922422300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Read Less

Bought with Joseph Conti Pacific Sotheby's Int'l Realty
GET MORE INFORMATION