Listing provided courtesy of Erik Anderson of Newmark of Southern California. Last updated 2026-06-14 08:34:43.000000. Listing information © 2026 Sandicor.
Asking Price: $11,750,000 |
445 Hart Drive, El Cajon CA 92021
Community: 92021 - El Cajon
This Commercial/Residential property was built in 0 and is priced at $11,750,000. Please see the additional details below.
Price reduced $1,450,000. We are pleased to present Hart Townhomes, a 24-unit townhome community in El Cajon offered by the original developer. - Built 1991, comprehensively renovated 2016 to 2019 - 22 three bedroom homes (1,350 SF) and 2 four bedroom homes (1,550 SF) - Every home: attached duet, two car garage, private yard, fireplace, in-unit laundry - Tentative map contemplating individual townhome sales - 98% historical occupancy with four plus year average tenant tenure - In-place rents approximately 12% below market - Comparable El Cajon townhomes averaged $681,000 over trailing twelve months - Only 22.8% of El Cajon apartments contain three bedroom units; just 2.3% include four bedroom units Stabilized cash flow with embedded mark-to-market upside and condominium disposition optionality.
