24-Unit Townhome Community with
For Sale
$11,750,000
445 Hart Drive, El Cajon, CA 92021
Built in 1991 and renovated 2016–2019, this 24-unit townhome community features attached duets and two-car garages.
Property Size32,800 SF
Price / SF$358.23
Days on Market217
Property Features for 445 Hart Drive
General Information
Standard status
Active
Size
32,800 SF
Total Parking Spaces
48
Property subtype
Commercial
Occupancy
98%
Additional Details
Multifamily Units
24
Amenities
private yard
fireplace
in-unit laundry
Building Details
Year Built
1991
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Newmark of Southern California
(858) 395-6935
Listed By:
Erik Anderson · License #01991182
(714) 731-3777
Source:
Sevengables
Added: Jan 27
Changed: Aug 31
Last Checked: Aug 31 at 7:32PM
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 Newmark of Southern California
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 with approximately 1,350 SF and two four-bedroom homes with approximately 1,550 SF. Each home offers an attached duet layout, two-car garage, private yard, fireplace, and in-unit laundry.
The property is located at 445 Hart Dr in El Cajon, California. The community has maintained 98% historical occupancy, with an average tenant tenure of four-plus years. In-place rents are approximately 12% below market.
A tentative map contemplates individual townhome sales. The current configuration supports stabilized cash flow, with embedded mark-to-market dynamics noted in the offering materials, along with condominium disposition optionality.
The property is located at 445 Hart Dr in El Cajon, California. The community has maintained 98% historical occupancy, with an average tenant tenure of four-plus years. In-place rents are approximately 12% below market.
A tentative map contemplates individual townhome sales. The current configuration supports stabilized cash flow, with embedded mark-to-market dynamics noted in the offering materials, along with condominium disposition optionality.
Key Highlights
- 24‑unit townhome community in El Cajon built in 1991 and comprehensively renovated in 2016–2019
- Unit mix: 22 three‑bedroom homes at approx. 1,350 SF and 2 four‑bedroom homes at approx. 1,550 SF
- Every home features an attached duet, two‑car garage, private yard, fireplace, and in‑unit laundry
Property Analytics
Current Use
Lease Details
24
Residential units
98%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,881
Businesses Nearby
Explore this area
Business Placement
Demographics for 92021, CA
70,584
Population
23,360
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
28.0 sq mi
ZIP Area
2,521
Density / Sq Mi
$69,979
Median Household Income
$37,739
Median Earnings
$1,818
Median Rent
$572,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1991 and renovated 2016–2019, this 24-unit townhome community features attached duets and two-car garages.
Where is this apartment building located?
The property is located at 445 Hart Drive El Cajon, CA.
What is the asking price?
The asking price for this property is $11,750,000.
What are key features of this property?
This property features: 24‑unit townhome community in El Cajon built in 1991 and comprehensively renovated in 2016–2019; Unit mix: 22 three‑bedroom homes at approx. 1,350 SF and 2 four‑bedroom homes at approx. 1,550 SF; Every home features an attached duet, two‑car garage, private yard, fireplace, and in‑unit laundry
