638 El Cajon Blvd, El Cajon, CA 92020

Property Description

Central El Cajon Motel/Apts.--Under 8 GRM! This property has immense opportunity to be the cash flowing asset you’ve been looking for! 638 El Cajon Blvd is a 10 unit motel centrally located in El Cajon within close proximity to 8 Highway and the El Cajon Transit Center. It is also only a few minutes walk to downtown El Cajon, where there is shopping, a library, and various restaurants. The property has undergone significant renovations including upgrades to most major systems, the exterior as a whole, & the interior of units. It is zoned for hotel/motel use & can be run on a day-to-day, weekly, or on a monthly basis. Operating on a day-to-day basis will likely yield a higher cash flow, though all tenants currently run on month-to-month leases. This property is easy to maintain with minimal external landscaping. It also includes an on-site laundry machine & parking for each unit. The rents include all utilities including cable and wifi as well. See more details under documents and the supplemental remarks Renovations include but are not limited to: • Over half of the units interiors substantially renovated, including new kitchen, bath, & tile flooring • Exterior of building painted in November of 2014 • Upgraded some sewer laterals in the two story building • Property completely rebranded with new name & signage as the "THE BLVD” • Upgraded electrical re-wiring including new 200 amp service panel • New 24-hour security system including cameras & DVR with remote access