El Cajon, CA 92020,1064 1066 1/2 Aster Ave.
El Cajon, CA 92020,1064 1066 1/2 Aster Ave.
El Cajon, CA 92020,1064 1066 1/2 Aster Ave.
22
$1,075,000
$1,125,000
4.4%
Est.Price: ?

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10,036 Sqft Lot

1064 1066 1/2 Aster Ave. El Cajon, CA 92020

Est. payment /mo
SOLD DATE : 11/01/2023

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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

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CRMLS – RECore
Listed by Matt Robinson MD Real Estate, Inc
Bought with Joseph Conti Pacific Sotheby's Int'l Realty

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agent

Elijah Shanks, MBA

Agent | License ID: 02240629

+1(805) 270-0809

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