977 Coleen Ct
El Cajon, CA 92021
Listing provided courtesy of: JLM Real Estate Inc
Property Description
977 Coleen Ct presents a rare, true value-add opportunity in the heart of El Cajon. The property consists of 10 units — six 2-bedroom/1-bath and four 1-bedroom/1-bath — all larger-than-average floor plans for the area. Each unit includes a dedicated parking space, providing a competitive edge in tenant appeal. Currently operating at a 4.7% cap rate, the property offers a straightforward path to a 5.4% proforma through light operational improvements and strategic management. With stable in-place income and a tenant base that supports long-term cash flow, this asset is well-positioned for investors looking to unlock additional value without heavy capital expenditure. Located in a high-demand rental corridor with limited new supply, 977 Coleen Ct offers both immediate income and longer-term upside in one of East County’s most resilient submarkets.
| Price: | $2,700,000 |
| Property Type: | Residential Income |
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