Description
DO NOT BOTHER TENANTS. SHOWN W/ ACCEPTED OFFER. AVAILABLE FOR SALE SEPARATELY OR TOGETHER WITH 1019-1049 E AVE. NATIONAL CITY Pleased to present for sale, Renette Manor Apartments, a pride of ownership value-add 17-unit property for sale in the heart of El Cajon in San Diego. Set in a two-story charming garden-style layout, the property enjoys easy access to the Recreation Center in Renette Park, Interstate-8, and numerous stores & restaurants. The property offers a superior unit mix boasting 14, 2-Bedroom 1-Bathroom units and 3 Studios. Total living space is approximately 11,850 square feet. Renette Manor has all new exterior paint, wood siding, a community pool, and a large parking lot to accommodate all tenants. Seven of the 2 Bedroom units & all three Studios have been renovated, while the remaining seven have room to further improve and push rents to market. The complex offers investors the opportunity to purchase a well-maintained property with tremendous upside in one of San Diego’s most affordable neighborhoods. An astute operator has the ability to purchase the asset, decrease expenses through efficiencies and increase rents to market to create a well cash-flowing asset in one of the county’s best performing markets.
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