229 Shady ln - Multi-Family FOR SALE


El Cajon, CA 92021
$13,900,000 USD
858-761-2529
229 Shady ln, El Cajon, CA for Sale
$13,900,000 USD
Multi-Family - FOR SALE
1/45

229 Shady ln
El Cajon, CA 92021


HIGHLIGHTS

  • Attractive unit mix consisting of spacious one-, two-, and three-bedroom floorplans, averaging approximately 816 sq ft.
  • Significant rental upside available through continued interior and exterior enhancement programs.
  • Upgraded property systems, electrical, common areas, and landscaping.
  • Desirable property amenities including a pool, landscaped courtyards, BBQ and picnic areas, leasing office, abundant off- street parking.
  • Consistently stronger renter demand across East County, supported by low vacancy and limited supply.
  • Prime accessibility located near Interstate 8, the El Cajon Transit Center, and key bus routes.

OVERVIEW

The Zorbas Huffman Group of Marcus & Millichap is pleased to present Villa Capri, a 59-unit apartment community located near the heart of Downtown El Cajon, one of San Diego County’s most active and transit- oriented Tier-2 employment hubs. Positioned just 16 miles east of Downtown San Diego, the property sits within an energetic historic district surrounded by an array of shopping and dining options, year-round entertainment, theatre, and community events. The property is comprised of twenty-four (24) one bedroom/one-bathroom, sixteen (16) two-bedroom/one-bathroom, twelve (12) two-bedroom/two-bathroom, and seven (7) three-bedroom/two-bathroom floorplans that average over 816 sq ft. Each unit is equipped with electric appliances, above-range hood vents, bypass closet doors, and select private patios and balconies. Constructed in 1969, Villa Capri’s community amenities include a sparkling pool, landscaped courtyards, picnic and BBQ areas, ample off-street parking, and on-site laundry facilities. The property offers efficient regional connectivity, just 0.5 miles f rom Interstate 8, 2.5 miles f rom the El Cajon Transit Center, and only steps from a major bus stop at N 2nd St & E Main. Residents enjoy convenient access to key employment destinations including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all reachable within approximately 25 minutes.

FOR SALE DETAILS

PRICE

$13,900,000 USD

# OF UNITS

59

PRICE/UNIT

$235,593

CAP RATE

4.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Capri

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

489-162-12-00

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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