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633 E Park Ave, El Cajon, CA 92020

El Cajon
Local realty services provided by:CENTURY 21 Affiliated
633 E Park Ave,El Cajon, CA 92020
$3,195,000
  • 16 Beds
  • 16 Baths
  • 7,440 sq. ft.
  • Multi-family
  • Active
Listed by: sean bascom
Office: south coast commercial, inc.
MLS#:260024843
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,195,000
  • Price per sq. ft.:$429.44

About this home

633 E Park Avenue presents a fantastic opportunity to acquire a fully occupied, 16-unit apartment community in El Cajon at a 6.52% in-place cap rate, SIGNIFICANLY better then any other market opportunity currently available and well above the 4.7% San Diego County multifamily average. Built in 1972 and situated on a 16,122 square foot corner parcel, the approximately 7,440 square foot, two-story buildings feature sixteen 1BR/1BA units, a gated on-site parking lot with 20 spaces, and wrought-iron perimeter fencing. The RUBS billback and laundry produce approximately $6,375 per year in additional income. Upside remains increasing rent to market at $1,700 per month. With an actual gross scheduled income of $322,629 and a net operating income of over $208,000, investors can achieve a 6.52% cap rate at asking, rising to 6.82% at market rents, with a 1.58 debt coverage ratio on new financing. The property’s location further elevates its investment appeal. 633 E Park Avenue sits just blocks...

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Home facts

  • Listing ID #:260024843
  • Added:9 day(s) ago
  • Updated:October 24, 2026 at 02:36 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16
  • Flooring:Slab
  • Living area:7,440 sq. ft.

Structure and exterior

  • Building area:7,440 sq. ft.
  • Construction Materials:Frame, Stucco

Finances and disclosures

  • Price:$3,195,000
  • Price per sq. ft.:$429.44

Parking

  • Total parking spaces:20
MLS LogoThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc. SANDICOR Member Broker: Nikki Coppa

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