Cajon Senior Villas
46 Unit Apartment Building | $10,500,000 ($228,261/Unit) | 6.20% Cap Rate | El Cajon, CA 92021
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $10,500,000
- Property Type
-
Multifamily
- Square Feet
- 23,802 SF
Listing Contacts
Brian Nelson
Verified Profile
Jeff Diller
Verified Profile
Abe Peay
Verified Profile
- Property Info
Property Overview
South Coast Commercial, Inc. is pleased to present 1219 Persimmon Avenue, a charming 46-unit multifamily community located in El Cajon, California. Built in 1990, this well-maintained asset consists of (45) 525 SF One Bedroom / One Bath units & (1) 600 SF One Bedroom / One Bath permitted ADU. All second-floor units feature vaulted ceilings & Skylight. This asset presents significant rental upside and is extremely easy to manage given the current tenant profile. The property is restricted to senior tenants (62+). There are no income-related restrictions currently in place.
Property Details
- Class
- C
- Year Built
- 1990
- Stories
- 2
- Lot Size (sq. ft)
- 38,768 SF
- Units
- 46
Highlights
- Assumable private Debt @ 3.5% interest only
- Excellent Condition - No Deferred Maintenance
- 1990s Construction
- Large Lot with Ample Parking
- Second Floor Units have Tall Vaulted Ceilings w/ Skylights
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