529 Hart Dr, El Cajon, CA 92021

This asset consists of eight, 1,300 SF, townhouse style units in the highly desirable Bostonia community of El Cajon. Built in 1988, all units are 3 Bedroom 2.5 Baths with large open floor plans, 2 car attached garages, in unit washer/dryers, individual hot water heaters, gated front and rear yards, walk-in closets and master suite with private bathroom. Tenants pay gas and electric, as well as water and sewer through the units (private) water meters. The asset sits on a large, 23,958 SF lot, with 10,400 SF of improved space and a pitched composition shingle roof. Hart Drive was built and operated by the current owner. The property has been very well maintained but, can yield significant upside through a cosmetic remodel. The current average rents are well below what the area will support for a renovated unit with these amenities. This is an excellent opportunity for an investor to acquire an asset with a highly desirable unit mix where upside can be achieved in modernizing the units finishes.