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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.
Property Type(s):
Commercial
| Last Updated | 5/5/2025 | Community | El Cajon |
|---|---|---|---|
| County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | El Cajon |
| HOA DUES | 0 |
| LOT | 0.3 acre(s) |
Location
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Listed with JLM Real Estate Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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