1219 Persimmon Ave - Apartments FOR SALE


El Cajon, CA 92021
$10,500,000 USD
619-226-6011
1219 Persimmon Ave, El Cajon, CA for Sale
$10,500,000 USD
Apartments - FOR SALE
1/28
null | 6.2% Cap Rate

1219 Persimmon Ave
El Cajon, CA 92021


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

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.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

46

PRICE/UNIT

$228,261

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cajon Senior Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

RV

APN/PARCEL ID

484-201-02

ASK ABOUT THIS PROPERTY

Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

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Brian NelsonSouth Coast Commercial, Inc.More Info
619-226-6011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.