Renovated 24-Unit Townhome
445-523 Hart Drive El Cajon, CA 92021
445-523 Hart Drive, El Cajon, CA, 92021
$13,200,000
For Sale
$13,200,000
Built in 1991 and renovated from 2016–2019, this 24-unit townhome community offers attached garages and private yards.
Property Size32,800 SF
Price / SF$402.44
Days on Market87
Property Features for 445-523 Hart Drive
General Information
- Standard status
- Active
- Size
- 32,800 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
NorthMarq Multifamily
(858) 395-6935
Listed by
Erik M Anderson · License #01991182
(858) 395-6935
Source
Compass
Added: Apr 27 Updated: Jul 21 at 3:46PM Checked: Jul 21 at 3:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthMarq Multifamily
Investment Insights
Based on property information with market context.
Hart Townhomes is a 24-unit townhome community built in 1991 and comprehensively renovated between 2016 and 2019. The mix includes 22 three-bedroom homes at approximately 1,350 square feet and 2 four-bedroom homes at approximately 1,550 square feet. Each home features an attached duet configuration, a two-car garage, a private yard, a fireplace, and in-unit laundry.
A tentative map contemplates individual townhome sales, offering condominium disposition optionality. The property has maintained 98% historical occupancy, with an average tenant tenure of four-plus years.
In-place rents are described as approximately 12% below market, with stabilized cash flow supported by long-term occupancy and embedded mark-to-market upside.
A tentative map contemplates individual townhome sales, offering condominium disposition optionality. The property has maintained 98% historical occupancy, with an average tenant tenure of four-plus years.
In-place rents are described as approximately 12% below market, with stabilized cash flow supported by long-term occupancy and embedded mark-to-market upside.
Key Highlights
- 24‑unit townhome community in El Cajon built in 1991
- Comprehensively renovated in 2016–2019
- Unit mix: 22 three‑bedroom homes at 1,350 SF and 2 four‑bedroom homes at 1,550 SF
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Built in 1991 and renovated from 2016–2019, this 24-unit townhome community offers attached garages and private yards.
Where is this apartment building located?
The property is located at 445-523 Hart Drive El Cajon, CA.
What is the asking price?
The asking price for this property is $13,200,000.
What are key features of this property?
This property features: 24‑unit townhome community in El Cajon built in 1991; Comprehensively renovated in 2016–2019; Unit mix: 22 three‑bedroom homes at 1,350 SF and 2 four‑bedroom homes at 1,550 SF
