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UPDATED:
10/03/2024 06:09 PM
Key Details
Property Type Commercial
Sub Type Com-Hotel Motel
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 240020661
Property Description
Palm Residence is an 11-unit property that consists of one structure totaling 3,514 rentable square feet built in 1951 on a 12,979 square foot lot. There is a 1 Bedroom manager?s unit with a full kitchen and 10 studios without kitchens. All units have walk-in closets and large bathrooms. The property features 11 parking spaces, onsite laundry facilities and two large storage sheds. All tenants are month to month and there is 33% upside in rents. There is conditional approval for Single Room Occupancy use and more improvements are required for final approval. Buyer to verify property use, zoning and square footage. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.
Location
State CA
County San Diego
Area El Cajon (92021)
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Listed by Benn Vogelsang • NorthMarq Multifamily
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