633 E Park Ave, El Cajon, CA 92020

El Cajon
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
633 E Park Ave,El Cajon, CA 92020
$3,195,000
  • 16 Beds
  • 16 Baths
  • 7,440 sq. ft.
  • Multi-family
  • Active
Listed by: sean bascom
Office: south coast commercial, inc.
MLS#:260024843
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,195,000
  • Price per sq. ft.:$429.44

About this home

633 E Park Avenue presents a fantastic opportunity to acquire a fully occupied, 16-unit apartment community in El Cajon at a 6.52% in-place cap rate, SIGNIFICANLY better then any other market opportunity currently available and well above the 4.7% San Diego County multifamily average. Built in 1972 and situated on a 16,122 square foot corner parcel, the approximately 7,440 square foot, two-story buildings feature sixteen 1BR/1BA units, a gated on-site parking lot with 20 spaces, and wrought-iron perimeter fencing. The RUBS billback and laundry produce approximately $6,375 per year in additional income. Upside remains increasing rent to market at $1,700 per month. With an actual gross scheduled income of $322,629 and a net operating income of over $208,000, investors can achieve a 6.52% cap rate at asking, rising to 6.82% at market rents, with a 1.58 debt coverage ratio on new financing. The property’s location further elevates its investment appeal. 633 E Park Avenue sits just blocks...

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Home facts

  • Listing ID #:260024843
  • Added:1 day(s) ago
  • Updated:October 16, 2026 at 02:58 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16
  • Flooring:Slab
  • Living area:7,440 sq. ft.

Structure and exterior

  • Building area:7,440 sq. ft.
  • Construction Materials:Frame, Stucco

Finances and disclosures

  • Price:$3,195,000
  • Price per sq. ft.:$429.44

Parking

  • Total parking spaces:20
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