14261-14277 Rios Canyon Rd | El Cajon, CA 92021
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14261-14277 Rios Canyon Rd
El Cajon, CA 92021
Rios Canyon Estates · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- 3.32% Assumable $7.4m Loan due in 2036 (12.7 Yrs Remaining)
- Not Subject to AB1482 Rent Control
- Ideal Unit Mix - 32, 3 Bedroom/2 Bath Units, 1,107sf each
- Stabilized 5.57% Cash-on-Cash Return Year 1
- Opportunity to Add Value Through Rent Stabilization & More Aggressive RUBS Implementation
- 2018/2019 Construction Offering Strong Unit and Community Amenity Packages
PROPERTY FACTS
| No. Units | 32 | Lot Size | 3.15 AC |
| Property Type | Multifamily | Building Size | 32,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2019 |
| Building Class | B | Parking Ratio | 2.16/1,000 SF |
| Zoning | R4 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.15 AC |
| Building Size | 32,000 SF |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 2.16/1,000 SF |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Walk-In Closets
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Clubhouse
- Courtyard
- Fitness Center
- Picnic Area
- Playground
- Pool
- Security System
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 32 | - | 1,107 |
PROPERTY TAXES
| Parcel Number | 398-110-32 | Improvements Assessment | $10,275,888 |
| Land Assessment | $4,386,000 | Total Assessment | $14,661,888 |
PROPERTY TAXES
Parcel Number
398-110-32
Land Assessment
$4,386,000
Improvements Assessment
$10,275,888
Total Assessment
$14,661,888
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