215 S Lincoln Ave - Apartments FOR SALE


El Cajon, CA 92020
$12,200,000 USD
858-964-8087
215 S Lincoln Ave, El Cajon, CA for Sale
$12,200,000 USD
Apartments - FOR SALE
1/10
null | 5.52% Cap Rate

215 S Lincoln Ave
El Cajon, CA 92020


HIGHLIGHTS

  • High 5.5%+ Cap Rate
  • 1986 Construction (Condo Quality)
  • Newer Roofs
  • First time on the market in 30+ years
  • Washer/Dryers included in each unit
  • 13 Garages + 50 Additional Parking Spaces

OVERVIEW

We are pleased to offer for sale the unique opportunity to acquire Ridgewood Court. Built in 1986, these are some of the newest and nicest apartments in El Cajon. The property consists all (40) Two Bedroom units. Each apartment home offers a fully-equipped kitchen, air conditioning. generous closet space, and full-size washer and dryer. The two distinctive floor plans are a mix of townhomes and flats. Ridgewood Court offers a sparkling swimming pool, community BBQ areas, and beautifully manicured lawns. There are 13 Garages, 10 Carports, and 40 open parking spaces on site.

FOR SALE DETAILS

PRICE

$12,200,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

40

PRICE/UNIT

$305,000

CAP RATE

5.52%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgewood Court - Condo Quality

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

49,920 SF

ZONING

R3, San Diego

APN/PARCEL ID

488-134-32

ASK ABOUT THIS PROPERTY

Dave PlutnerDP Properties Real Estate Investment BrokerageMore Info
858-964-8087

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Dave PlutnerDP Properties Real Estate Investment BrokerageMore Info
858-964-8087

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