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$ 2,700,000
Est. payment | /mo
0.3 Acres Lot
$ 2,700,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250026535SD
HOA Y/N No
Lot Size 0.299 Acres
Property Sub-Type Mixed Use
Property Description
977 Coleen Ct presents a rare, true value-add opportunity in the heart of El Cajon. The property consists of 10 units — six 2-bedroom/1-bath and four 1-bedroom/1-bath — all larger-than-average floor plans for the area. Each unit includes a dedicated parking space, providing a competitive edge in tenant appeal. Currently operating at a 4.7% cap rate, the property offers a straightforward path to a 5.4% proforma through light operational improvements and strategic management. With stable in-place income and a tenant base that supports long-term cash flow, this asset is well-positioned for investors looking to unlock additional value without heavy capital expenditure. Located in a high-demand rental corridor with limited new supply, 977 Coleen Ct offers both immediate income and longer-term upside in one of East County's most resilient submarkets.
Location
State CA
County San Diego
Area 92021 - El Cajon
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Others
Tax ID 5072702400
Listed by Jason Lee • JLM Real Estate Inc
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”