8
See all 8 photos
$2,700,000
Est. payment /mo
0.3 Acres Lot
New
977 Coleen Ct El Cajon, CA 92021
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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
Listed by Jason J Lee • JLM Real Estate Inc