El Cajon, CA 92021 529 Hart Dr

This asset consists of eight, 1,300 SF, townhouse style units in the highly desirable Bostonia community of El Cajon. Built in 1988, all units are 3 Bedroom 2.5 Baths with large open floor plans, 2 car attached garages, in unit washer/dryers, individual hot water heaters, gated front and rear yards, walk-in closets and master suite with private bathroom. Tenants pay gas and electric, as well as water and sewer through the units (private) water meters. The asset sits on a large, 23,958 SF lot, with 10,400 SF of improved space and a pitched composition shingle roof. Hart Drive was built and operated by the current owner. The property has been very well maintained but, can yield significant upside through a cosmetic remodel. The current average rents are well below what the area will support for a renovated unit with these amenities. This is an excellent opportunity for an investor to acquire an asset with a highly desirable unit mix where upside can be achieved in modernizing the units finishes.