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Sold on 10/29/2024

480 Jamacha Rd, El Cajon, CA 92019

$11,776,336

Last sold 10/29/2024 for $9.1M

  • 6

    bed

  • 6

    bath

  • 29,200

    Sqft ($312/Sqft)

Multi-family not for sale
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About 480 Jamacha Rd

Property type Multi-family
HOA fee $0/month
Movoto estimate
Property description
A welcome addition to your multi family portfolio! 5% Cap rate on ACTUALS with significant rental upside! Enjoy a steadily increasing cash flow stream by initiating the allowable rent increases annually and/or reaching market rent upon turnovers, or complete a substantial renovation to accomplish leading market rents sooner! The Woods is a 32 unit apartment community featuring a desirable unit mix of 100% 2BR/2BA units featuring large 913 sqft layouts, each with a walk-in closet and individual water heater. Units have TWO balconies or patios, and the property's amenities include 29 carports and 23 parking spaces, a sparkling pool, laundry facility, and landscaped grounds located on a sprawling 1.32 acre lot for residents to enjoy. Built in 1977, the community is well located in the sought after neighborhood of Granite Hills in El Cajon, which offers easy access to the 8 and 94 freeways and is contiguous to masterplan Rancho San Diego.
Listed by
Listing Agent - Christina M Labowicz
Listing Agent Contact: 619-299-3000
Listing Office - Apartment Consultants Incorporated
Source: San Diego MLS mls logo
MLS#240014930 • last updated 1 year ago
Movoto checked San Diego MLS for data 1 hour ago
Overview
Levels/Style 2 Story, 2
Virtual Tour N/A
MLS # 240014930
Type Residential Income
Status SOLD
Living Area 29200
Interior
Total # of Bathrooms 6
Total # of Bedrooms 6
Exterior
Parking Carports, Spaces
Location
Community Features Heated Pool
Multifamily Details
Total # of Buildings 4
Total # of Units 32
$11.7M
Range: $10.5M-$12.9M
Last 30 days 
  • Nov 2024
    mls logo MLS # 240014930
  • Nov 4, 2024 Sold
    $9,100,000
  • Jun 27, 2024 Listed
    $9,100,000 (+136.4%)
  • Oct 2024
    Public Records
  • Oct 30, 2024 Sold
    $9,100,000
  • Oct 2013
    Public Records
  • Oct 16, 2013 Sold
    $3,850,000
  • Year Property taxes Tax assessment
  • 2024
    $79,185 -7.9%
    $4,627,023 +2.0%
  • 2023
    $85,980 +16.6%
    $4,536,298 +2.0%
  • 2022
    $73,724 -1.7%
    $4,447,352 +2.0%
  • 2021
    $74,985 +5.9%
    $4,360,150 +1.04%
  • 2020
    $70,819
    $4,315,443
  • 480 Jamacha Rd
    $9.1M
  • —
  • 92019
    $699K -2% y/y
  • El Cajon
    $629K -3% y/y
No chart available
Statistics calculated by Movoto

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3/10
Meridian Elementary School
public Grades K-5
Cajon Valley Union School District
1/10
Montgomery Middle School
public Grades 6-8
Cajon Valley Union School District
4/10
El Cajon Valley High School
public Grades 9-12
Grossmont Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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