Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + San Diego  + Apartments  | 
El Cajon, California

20-Unit Multifamily Sold in El Cajon

Marcus & Millichap has helped the sale of a 20-unit, multifamily apartment building in El Cajon, Calif. The San Diego County sale came in with a $4,650,000 price tag.

Aaron Bove, Senior Vice President at Marcus & Millichap’s San Diego Del Mar office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  

“San Diego has the tightest Class C vacancy rate in the nation, a position that is fueling investor competition targeting these lower tiered properties. We received multiple offers and closed at list price” Bove said in the release.

The building sits at 532 North 1st St. and is, in total, just over 12,000 square feet. The lot itself is closet to 22,000 square feet. All of the 20 units are two-bedroom, one-bath units.

According to RentCafe.com, the average monthly rent in El Cajon is $1,819, while the average apartment in the city is 811 square feet.

Connect

Inside The Story

Marcus and Millichap

About Jason Middleton

  • ◦Sale/Acquisition
KidderMathews-04-cube
Chase-19-cubeAdvertisement
LeeAssociates-24-cube
Money360-27-cube