2 on Oro | 1122-24 Oro St
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2 on Oro 1122-24 Oro St
2 Unit Apartment Building $845,000 ($422,500/Unit) 3.69% Cap Rate El Cajon, CA 92021
Investment Highlights
- TURN KEY - Recently Renovated Property
- STRONG UNIT MIX - Comprised of All 2 Bedroom 2 Bathroom Unit
- LARGE LOT - 6905 SF Lot
Executive Summary
1122-24 Oro St presents a turn-key duplex investment opportunity, boasting two units, each comprising two bedrooms and two bathrooms. Exterior enhancements encompass new fencing, windows, paint, landscape, and parking lot resurfacing. These generously proportioned units feature practical floor plans, individual hot water heaters, laundry rooms, ample parking, and private outdoor spaces.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
| Price | $845,000 | Property Subtype | Apartment |
| Price Per Unit | $422,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.69% | Building Size | 1,648 SF |
| Gross Rent Multiplier | 18.4 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1985 |
| Price | $845,000 |
| Price Per Unit | $422,500 |
| Sale Type | Investment |
| Cap Rate | 3.69% |
| Gross Rent Multiplier | 18.4 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,648 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1985 |
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,918 | 824 |
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Walk Score®
Very Walkable (71)
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2 on Oro | 1122-24 Oro St
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