1123 E Lexington Ave
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1123 E Lexington Ave
4 Unit Block of Flats £1,134,553 (£283,638/Unit) 5.35% Net Initial Yield El Cajon, CA 92019
Executive Summary
Great 4 unit investment property & upside on rental income! Long term tenants that want to stay and room for rent increases. The property has 3 single story units w a 4th unit upstairs with each unit over 950 sq. ft. Each unit has a 1 car garage, one parking spot and share laundry room in back of property. All units are in good condition and offer fireplaces and new AC units. This complex can be sold with the adjoining 4 unit property next door that shares a courtyard together to comprise a total of 8 units! Great location in the 92019 zip code of El Cajon with high rental demand.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,134,553 | Apartment Style | Low Rise |
| Price Per Unit | £283,638 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Net Initial Yield | 5.35% | Building Size | 3,818 SF |
| No. Units | 4 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Price | £1,134,553 |
| Price Per Unit | £283,638 |
| Sale Type | Investment |
| Net Initial Yield | 5.35% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,818 SF |
| Number of Floors | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.05/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Fireplace
- Kitchen
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | £1,682 | 954 |
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 489-232-01 | Total Assessment | £526,597 (2024) |
| Land Assessment | £240,729 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £285,868 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
489-232-01
Land Assessment
£240,729 (2024)
Improvements Assessment
£285,868 (2024)
Total Assessment
£526,597 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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1123 E Lexington Ave
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