340 Orlando St, El Cajon, CA 92021
340 Orlando St, El Cajon, CA 92021
340 Orlando St, El Cajon, CA 92021
23
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$4,700,000
Est. payment /mo
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22 Beds
20 Baths
13,162 SqFt
New

340 Orlando St El Cajon, CA 92021

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Mike Acker

Mike Acker

+1(619) 454-0620

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Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 13,162 sqft

Price per Sqft $357

MLS Listing ID 260018202

Bedrooms 22

Full Baths 20

Property Sub-Type Com-Res Income

Property Description

Northwinds Apartments is a 20-unit garden community at 340 Orlando Street in El Cajon, fully gated and built around a lush, meticulously maintained central courtyard. The property is 100% occupied with long resident tenure, averaging nearly four and a half years, and offers 18 one bedroom homes at 550 square feet and two two bedroom homes at 750 square feet, each with a private patio and generous storage. Eleven garages, nine with direct courtyard access, and ample additional gated parking serve the community. Built in 1977 and well maintained since, every unit shows in strong condition with quartz or granite countertops, and finish levels leave room for a moderate value-add program on turns. Central water heaters were replaced within the last five to six years. Gross rents sit roughly 11% below market, giving the next owner a clear path to income growth on an already stabilized asset in one of San Diego County's tightest rental submarkets.

Location

State CA

County San Diego

Area East County

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 33

Building

Story 2

Others

Senior Community No

Tax ID 489-140-47

MLS Router / San Diego MLS
Listed by Erik M Anderson, DRE#01991182 Newmark of Southern California 

NEARBY SCHOOL & BUSINESS

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Mike Acker

Mike Acker

Agent | License ID: 01356721

+1(619) 454-0620

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340 Orlando St

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