Skip To Content
    Return to Previous Page

    7240 El Cajon Blvd

    San Diego, CA 92115
    • $7,800,000
    • STATUS: Active
    • ON SITE: 119 days
    • ID#: 200013123
    $7,800,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    The Solstice Apartments is a 28 unit apartment complex that consists of 20,822 rentable square feet built in 1972 situated on a 14,043 square foot lot with approximately 18 parking spaces. The unit mix consists of (24) 2 Bedroom / 1 Bath units, (2) 1 Bedroom / 1 Bath units and (2) studios as well as onsite laundry facilities with 3 washers and 4 dryers. Select 2 Bedroom units have in-unit stackable washers and dryers. There is a secure courtyard with a picnic table at the center of the property and a unique foyer behind the private entry to the property. Previous ownership has made significant exterior, interior and systems upgrades. The property has new windows, bathrooms and kitchens have been completely rebuilt, and there is laminate flooring throughout the units. The units feature new appliances, dishwashers, A/C units, and built in microwaves as well as new window coverings. The property has spacious floorplans and offers an investor additional upside in rents in the burgeoning Rolando Village.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-15T00:27:30.177. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/104230456
    Print Image

    7240 El Cajon Blvd San Diego, CA 92115

    • Price: $7,800,000
    • Status: Active
    • ID#: 200013123
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    County:
    San Diego
    Property Description
    The Solstice Apartments is a 28 unit apartment complex that consists of 20,822 rentable square feet built in 1972 situated on a 14,043 square foot lot with approximately 18 parking spaces. The unit mix consists of (24) 2 Bedroom / 1 Bath units, (2) 1 Bedroom / 1 Bath units and (2) studios as well as onsite laundry facilities with 3 washers and 4 dryers. Select 2 Bedroom units have in-unit stackable washers and dryers. There is a secure courtyard with a picnic table at the center of the property and a unique foyer behind the private entry to the property. Previous ownership has made significant exterior, interior and systems upgrades. The property has new windows, bathrooms and kitchens have been completely rebuilt, and there is laminate flooring throughout the units. The units feature new appliances, dishwashers, A/C units, and built in microwaves as well as new window coverings. The property has spacious floorplans and offers an investor additional upside in rents in the burgeoning Rolando Village.
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Cap Rate 4.60 Country Us Gross Scheduled Income 566532.00 Net Operating Income 354908.00 Operating Expense 194628.00 Property Sub Type Commercial/Residential Total Monthly Rent 47211

    Listing provided courtesy of Benn Vogelsang of South Coast Commercial, Inc. and Brendan Flynn of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-15T00:27:30.177. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364160701-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364160701-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364160701-1.jpg
    Logo
    Z Team OC Real Estate | Keller Williams Realty
    27101 Puerta Real #150
    Mission Viejo CA, 92691