445 Hart Drive, El Cajon, California 92021

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.