Home | San Diego County | El Cajon | 92020 | 633 E Park Ave
MLS: SD260024843 | Status: | Price: $3,195,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | – | – |
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 from Interstate 8, and minutes from downtown El Cajon, Parkway Plaza, and the East Main Street retail corridor. The all one-bedroom unit mix keeps leasing, turnover, and management simple. For investors seeking a stabilized, easily managed asset with a cap rate well above the market, utility recovery
| Field | Value |
|---|---|
| MLS # | SD260024843 |
| MLS Source | San Diego MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Flooring | Concrete |
Sean Bascom
South Coast Commercial, Inc.
License #: 01862044
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 16 | 16 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | – | $26,355 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Cajon Valley Middle School | public | 6-8 | 0.12 mi | 4 |
| Empower Academy | public | K-8 | 0.15 mi | N/A |
| El Cajon Valley High School | public | 9-12 | 0.40 mi | 3 |
| El Cajon Adult Center | public | UG | 0.52 mi | N/A |
| Naranca Elementary School | public | K-6 | 0.65 mi | 3 |
| Lexington Elementary School | public | K-5 | 0.85 mi | 1 |
| Johnson Elementary School | public | K-5 | 0.86 mi | 7 |
| Magnolia Elementary School | public | K-5 | 1.11 mi | 2 |
| Reach Academy | public | 9-12 | 1.15 mi | N/A |
| Elite Academy | public | 9-12 | 1.15 mi | N/A |
| Anza Elementary School | public | K-6 | 1.21 mi | 2 |
| Chase Avenue Elementary School | public | K-6 | 1.32 mi | 3 |
| Greenfield Middle School | public | 6-8 | 1.71 mi | 4 |
| Grossmont Adult Center | public | UG | 1.75 mi | N/A |
| Foothills Adult Education Center | public | UG | 1.75 mi | N/A |
| Meridian Elementary School | public | K-5 | 1.83 mi | 4 |
| Flying Hills Elementary School | public | K-8 | 1.86 mi | 4 |
| Sevick Special Education School | public | UG | 1.90 mi | N/A |
| Madison Avenue Elementary School | public | K-5 | 1.92 mi | 6 |
| Montgomery Middle School | public | 6-8 | 1.96 mi | 2 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 120 Ballantyne | $3,500,000 | – | – | – |
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This listing information is up-to-date as of October 14, 2026. For the most current information, please contact Sean Bascom.