653 Avocado Avenue

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653 Avocado Avenue

El Cajon, CA 92020
Asking Price
$1.23M
Asset Type
Multifamily
Class
Class B

What's Special

653 Avocado Avenue is located in a residential pocket of El Cajon, California, characterized by a mix of single-family homes and small apartment complexes. The property sits near the Main Street commercial corridor, providing residents with proximity to local grocers, pharmacies, and diverse dining options. Public transit is accessible via nearby bus stops on Main Street and Madison Avenue, while Interstate 8 and Highway 67 are approximately one mile away, connecting the area to the broader San Diego metropolitan region. As a multifamily asset, this location is suited for long-term residential rental use. The local demographics and proximity to neighborhood services typically attract a tenant profile consisting of small households, local service-sector employees, and commuters seeking transit accessibility. The property serves as a functional housing option within an established inland suburb, catering to the consistent demand for workforce housing in East County San Diego.

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NOI
$80,000
Cap Rate
6.53%
DSCR
1.10
Tight
Cash-on-Cash
1.98%
Monthly Payment
$6,060.632
Annual Cash Flow
$7,272.421

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