16-Unit Apartment
New
For Sale
$3,195,000
633 E Park Ave, El Cajon, CA 92020
Fully occupied community with gated parking and a consistent one-bedroom unit mix.
Property Size7,440 SF
Lot Size0.37 Acres
Price / SF$429.44
Days on Market1
Property Features for 633 E Park Ave
General Information
Standard status
Active
Size
7,440 SF
Total Parking Spaces
20
Lot size
0.37 Acres
Property subtype
Commercial
Occupancy
100%
Financials
Cap Rate
6.52%
Gross Income
$322,629
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
16 x 1BR/1BA
Multifamily Units
16
Amenities
laundry
Building Details
Year Built
1972
Stories
2
Units
16
Tenancy
Multi
Listing Agency:
South Coast Commercial
Listed By:
Sean Bascom · License #01862044
(619) 916-9179
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 1:55PM
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
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Investment Insights
Based on property information with market context.
This 16-unit apartment property comprises two-story buildings constructed in 1972, totaling approximately 7,440 square feet on a 16,122-square-foot corner parcel. The units are all one-bedroom, one-bathroom layouts. Site features include a gated parking area with 20 spaces and wrought-iron perimeter fencing. The property is fully occupied and reports a 6.52% in-place cap rate; RUBS billback and laundry provide additional income, with a 1.58 debt coverage ratio on new financing.
The property is on East Park Avenue in El Cajon, a few blocks from Interstate 8 and minutes from downtown El Cajon, Parkway Plaza, and the East Main Street retail corridor. Reported walk, bike, and transit scores are 78, 57, and 39, respectively.
The property is on East Park Avenue in El Cajon, a few blocks from Interstate 8 and minutes from downtown El Cajon, Parkway Plaza, and the East Main Street retail corridor. Reported walk, bike, and transit scores are 78, 57, and 39, respectively.
Key Highlights
- 16 apartment units, all configured as 1BR/1BA
- 6.52% in‑place cap rate
- Built in 1972; two‑story buildings with approximately 7,440 square feet
Property Analytics
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Current Use
Lease Details
16
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied community with gated parking and a consistent one-bedroom unit mix.
Where is this apartment building located?
The property is located at 633 E Park Ave El Cajon, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: 16 apartment units, all configured as 1BR/1BA; 6.52% in‑place cap rate; Built in 1972; two‑story buildings with approximately 7,440 square feet
