275-299 S Mollison Ave - Apartments FOR SALE


El Cajon, CA 92020
$3,950,000 USD
858-535-0000
275-299 S Mollison Ave, El Cajon, CA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/12
null | 4.4% Cap Rate

275-299 S Mollison Ave
El Cajon, CA 92020


HIGHLIGHTS

  • Walking distance to bus station & shopping center

OVERVIEW

275 S Mollison Avenue is a 13-unit apartment community offering a fully leased, turnkey investment opportunity. The property features recent upgrades throughout, including new flooring and modern bathroom finishes with floating vanities, creating a clean, contemporary feel that appeals to today’s tenants.This asset delivers stable cash flow, low maintenance, and strong rental demand, all within a private setting and conveniently located near schools, shopping, and major freeways.The current ownership has completed significant improvements, including a full renovation of one unit following vacancy. Upgrades included new cabinetry, flooring, drywall, insulation, updated sliding doors, a remodeled bathroom, and relocation of the water heater to a new tankless system.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$587 USD /SF

# OF UNITS

13

PRICE/UNIT

$303,846

CAP RATE

4.4%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

R3

APN/PARCEL ID

488-262-03

ASK ABOUT THIS PROPERTY

Farid KhayamianBluxen Real EstateMore Info
858-535-0000

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Farid KhayamianBluxen Real EstateMore Info
858-535-0000

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