802 Franklin Avenue, El Cajon CA 92020 for sale - Presented to you by Ever Eternity of North County Coastal California
Listing provided courtesy of Austin Huffman of Marcus & Millichap. Last updated 2024-12-03 10:49:10.000000. Listing information © 2024 Sandicor.

Asking Price: $5,900,000

802 Franklin Avenue, El Cajon CA 92020

Community: ​92020 - El Cajon


This Commercial/Residential property was built in 0 and is priced at $5,900,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 240026176SD
  • Type: Commercial/Residential
  • Year Built: 0
We are pleased to present the “Franklin Ave Apartments,” located at 802-58 Franklin Avenue, a 24-unit multi-family community in Downtown El Cajon. Constructed in 1958, the asset features a unit mix comprised of fourteen (14) one bedroom/one-bathroom units averaging 575 square feet, and ten (10) two-bedroom/one-bathroom units averaging 780 square feet. Existing amenities include spacious common areas, an on-site laundry facility, and ample off-street parking. Significant rental lift can be captured by performing in-unit and community enhancements. The property is conveniently located in the heart of an energetic and thriving historic district, within walking distance to an array of local shopping and dining options, year-round live entertainment, theatre, and festivals. The City of El Cajon is the fifth largest city in San Diego County, with a diverse economic base, regional connectivity across three major highways, local bus services, and MTS trolley lines. One of the most populated areas in the metro, El Cajon contains the largest concentration of apartment inventory in San Diego County. The city is fortified by an inelastic renter base helping sustain a structurally low vacancy rate. The increase in rental demand is driven by a shifting interest to larger units and more green space, away from density and coastal areas.

Call or Email Ever Eternity now to inquire about this property

858-688-4113