1122-24 Oro StEl Cajon, CA 92021

Property Details for 1122-24 Oro St

Year built

1985

Property size (Sq ft)

1,648 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional El Cajon investment opportunity presents a meticulously maintained duplex located at 1122-24 Oro St, 92021, San Diego County, California. The property, built in 1985, consists of one single-story building encompassing 1,648 square feet and features two units, each offering two bedrooms and two bathrooms. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $36,816, representing a 4.36% capitalization rate. Pro forma projections indicate a NOI of $45,984 and a 5.44% capitalization rate. Recent exterior improvements include new fencing, windows, paint, landscaping, and parking lot resurfacing. Each unit is generously sized with a practical floor plan, individual hot water heaters, in-unit laundry rooms, ample parking, and private outdoor space. The asking price is $845,000, or $422,500 per unit. The property's APN is 484-102-63-00. This turnkey duplex offers a compelling investment opportunity with significant upside potential. The property's strong performance and recent upgrades make it an attractive addition to any investment portfolio.

Location Insight

City

El Cajon

County

San Diego

State

California

Latitude

32.8103

Longitude

-116.94

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