Sierra Vista Apartments is a 21* unit complex located at 939 East Washington Avenue in El Cajon. Built in 1980 and situated on 37,461 square feet of land, this property possesses a highly desirable unit mix of all two bedroom units. There are (19) two-bedroom/one-bath units at approx. 850 sqft, (1) two-bedroom/two-bath standalone unit at approx. 1050 sqft w/ an attached garage and w/d hookups, and (1) newly rehabbed two-bedroom/one-bathroom *non-conforming unit approx. 850 sqft with its own separate electric meter. Total rentable sqft is approx. 18,337.
The units are all electric and some features include tile floors, upgraded fixtures, granite countertops, wall A/C in all units, mirrored closet doors, built in shelving, and private balconies and patios. Community amenities for residents in the secured gated premises include, a pool & jacuzzi, BBQ area, and an on-site laundry facility leased from Coinmach. There are a total of 39 off-street parking spaces and a garage all accessible from the alley. With the central location of the complex, residents enjoy the easy freeway access to the I-8 as well as public transportation with a bus stop directly in front of the property.
Overall, 939 E Washington Ave has been very well maintained and the roofs have a warranty until 2030. With the growing neighborhood and hot rental market expanding past San Diego, a new owner has the opportunity to continue upgrades to the property and increase of rents in order to maximize their return on investment. Additionally, the property has the RUBS utility billback system operating and new solar panels installed.
