16-Unit Apartment
New
For Lease
$3,195,000
633 E Park Ave, El Cajon, CA 92020
The fully occupied community offers a uniform one-bedroom, one-bathroom layout and gated on-site parking.
Space SizeContact for details
Days on Market3
Property Features for 633 E Park Ave
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
South Coast Commercial, Inc
(951) 226-5454
Listed By:
Sean Bascom (bascom@scc1031.com)
Source:
Mrmurrieta
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:22AM
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 South Coast Commercial, Inc
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Investment Insights
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Built in 1972, this two-story apartment property contains 16 units, each with one bedroom and one bathroom. The buildings total approximately 7,440 square feet on a 16,122-square-foot corner parcel. A gated parking area accommodates 20 vehicles, and wrought-iron fencing surrounds the property. Laundry facilities and a RUBS utility billback program generate additional income. The reported in-place cap rate is 6.52%, with a 1.58 debt coverage ratio on new financing; the stated cap rate at market rents is 6.82%.
The property is at 633 E Park Avenue in El Cajon, a few blocks from Interstate 8. Downtown El Cajon, Parkway Plaza and the East Main Street retail corridor are minutes away. The community is fully occupied and has an all one-bedroom unit mix.
The property is at 633 E Park Avenue in El Cajon, a few blocks from Interstate 8. Downtown El Cajon, Parkway Plaza and the East Main Street retail corridor are minutes away. The community is fully occupied and has an all one-bedroom unit mix.
Key Highlights
- 16 apartment units, each configured as one bedroom and one bathroom
- Approximately 7,440 square feet across two‑story buildings on a 16,122‑square‑foot corner parcel
- Built in 1972; wrought‑iron perimeter fencing
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,158
Businesses Nearby
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Business Placement
Demographics for 92020, CA
60,454
Population
20,311
Households
3
Avg Household Size
37
Median Age
26%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$72,822
Median Household Income
$39,855
Median Earnings
$1,793
Median Rent
$741,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The fully occupied community offers a uniform one-bedroom, one-bathroom layout and gated on-site parking.
Where is this apartment building located?
The property is located at 633 E Park Ave El Cajon, CA.
What is the lease rate?
The lease rate is $3,195,000.
What are key features of this property?
This property features: 16 apartment units, each configured as one bedroom and one bathroom; Approximately 7,440 square feet across two‑story buildings on a 16,122‑square‑foot corner parcel; Built in 1972; wrought‑iron perimeter fencing
