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$2,700,000
Est. payment /mo
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250026535
Lot Size 0.299 Acres
Property Description
977 Coleen Ct presents a rare, true value-add opportunity in the heart of El Cajon. The property consists of 10 units — six 2-bedroom/1-bath and four 1-bedroom/1-bath — all larger-than-average floor plans for the area. Each unit includes a dedicated parking space, providing a competitive edge in tenant appeal. Currently operating at a 4.7% cap rate, the property offers a straightforward path to a 5.4% proforma through light operational improvements and strategic management. With stable in-place income and a tenant base that supports long-term cash flow, this asset is well-positioned for investors looking to unlock additional value without heavy capital expenditure. Located in a high-demand rental corridor with limited new supply, 977 Coleen Ct offers both immediate income and longer-term upside in one of East County's most resilient submarkets.
Location
State CA
County San Diego
Area El Cajon (92021)
Exterior
Total Parking Spaces 10
Building
Story 2
Others
Space Rent $217,980
Special Listing Condition Other/Remarks
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Listed by Jason J Lee • JLM Real Estate Inc
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
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