El Cajon, CA 92021 1477 Broadway

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Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086
  • MLS# OC24064761
  • 04/02/2024
  • Request Tour
  • Request Info
  • BedBeds • 32
  • BathBaths • 2
  • FootageSQFT • 13,608
  • GarageGarage • 8

Home Details

Broadway Estates is a 16-unit multifamily investment property located at 1477 Broadway, El Cajon, California. Built in 1986, Broadway Estates offers exclusively spacious two-bedroom floor plans, each with two bathrooms and in-unit stackable laundry machines. Furthermore, the property offers desirable amenities including ample garage and surface parking, a spacious courtyard, private patios and balconies, and a swimming pool. Current ownership has invested significant capital into the property, with work completed since 2021 including new pool fencing, new patio fencing, a repaved concrete driveway, as well as a resurfaced pool and pool deck. Broadway Estates benefits from its optimal El Cajon location, in close proximity to an abundance of local area amenities. The property is situated within one mile of Madison Elementary School, Montgomery Middle School, and Granite Hills High School. Additionally, the property is located near shops and restaurants along 2nd Street and Main Street, two major thoroughfares in the area. Furthermore, Broadway Estates is located just over two miles from Parkway Plaza, one of the premier shopping destinations in the area with over 1.3 million square feet of retail, dining, and entertainment space.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086

Interior Features for 1477 Broadway

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryCloset, Stacked
Total Stories2

Other Rooms

Entry Level1

General for 1477 Broadway

Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.86
Carport Y/NNo
CityEl Cajon
Community FeaturesCurbs, Gutters, Sidewalks, Pool
CountySan Diego
Days on Market
DirectionsCross Streets of Broadway & North 3rd Street
Electric Expense8238.0
Entry LocationFirst Level
Fuel Expense8238.0
Garage Spaces8.0
Garage Y/NYes
Gross Income454847.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense12937.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet30056.4
MLS Area92021 - El Cajon
MaintenanceExpense11200.0
MobileHomeRemainsYNNo
Net Operating Income262238.0
New ConstructionNo
Open Parking Spaces17.0
Operating Expense180215.0
Pool FeaturesCommunity
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameBroadway
Subdivision NameEl Cajon
Tax LotN/A
Taxes$64,518
Total Units16
Trash Expense8238.0
View Y/NNo
Water Sewer Expense8238.0
Waterfront Y/NNo
Year Built1986
Year Built SourceAssessor
ZoningC

Exterior for 1477 Broadway

Building Area Total13608.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.69
Lot Size Area0.69
Lot Size SourceAssessor
Lot Size UnitsAcres
Number of Buildings2
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking25.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $5,400,000
MLS#OC24064761
List Date 04/02/2024
Property Type Multi-Family
Phone 714.964.3311
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