El Cajon
The Park Villa
The Park Villa
EL CAJON 92020
Closing: 38 Unit Multifamily Investment
Lee & Associates Multifamily Advisory Group and Eric von Bluecher just completed the sale of 38 Units in El Cajon. Eric von Bluecher executed full marketing on the property, generated multiple offers and closed $500,000 over asking at $9,000,000, $236,842/unit and $345/foot.
- Asking Price: $8,500,000
- $326/foot
- 3.75% CAP / 5.26% Market
- Asking Price/Unit: $223,684/unit
- 15.25 GRM / 12.32 Market
- 20%+/- Upside
HIGHLIGHTS
- healthy mix of two, one and studio units
- spacious floor plans
- separately metered for gas and electric
- amenities include pool, laundry and storage cabinets for some units
- spacious, open floor plans
- bright units
- tile flooring in most units
- close to freeways
- walk to Main Street featuring urbn, Starbucks, 24 hour fitness, shops, restaurants
