Offer Price:

$4,650,000

Cap Rate:

5.25%

Price/SF:

$372.60

Price/Unit:

$232,500

Gross Building Area:

12,480 SF

Lot Size:

21,928 SF

Status:

Closed

Submarket:

South County

Property Type:

Apartments

Strategy:

Value Add

INVESTMENT HIGHLIGHTS

• Ideal unit mix of 2bd/1ba in a strong rental area of El Cajon

• Potential to add value to exterior of building that already has renovated interiors and pool

• Great transit area located within close proximity to Interstate 8 and SR-67 freeways, offering easy access to all major employment centers of central San Diego County

• The property sits a mile from El Cajon City Park and only a few blocks away from Wells Park giving tenants easy access to enjoy outdoor activities

• Only a few blocks away from El Cajon Valley High School and located within walking distance to Naranca and Johnson Elementary School

• Less than a mile away from Westfield Parkway Plaza, El Cajon’s regional mall with anchor tenants including Best Buy, Macy’s, JC Penney, Sears, Dicks Sporting Goods and Regal Cinemas

Listed By:

Aaron Bove
Senior Vice President, Investments
aaronbove@thebovegroup.com
(858) 373-3237