El Cajon CA  home offered at $9,500,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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150 S Mollison
El Cajon, California CA 92020
Sold For: $8,675,000
Listing ID: 220013208SD
Status: Closed
Sold Date: 12/06/2022

Mollison Gardens Apartments is a 35-unit value add property for sale in the east San Diego submarket of El Cajon. Originally, constructed in 1987, this community offers one, two and three-bedroom floor plans. Community amenities feature a swimming pool, common laundry facility, picnic area with barbecue and 20-single car garages. The property is located south of Interstate 8 and offers easy access to shopping, schools and nearby employment. While the property is well maintained, the majority of units are in original condition. There is opportunity for enhancements that can result in increased rents. Mollison Garden's desirable unit mix of mostly 2-bedroom floor plans, accessibility to local amenities and employment, and value-add potential, makes it a prime investment opportunity. Amenities: BBQ

Primary Features

County: San Diego
Price Before Reduction: 9900000
Price Reduction Date: 2022-07-26T00:21:40+00:00
Property Sub Type: Commercial/Residential
Property Type: Commercial Sale

Interior

External

Number Of Buildings: 3
Parking Total: 85

Location

Country: US
MLS Area Major: 92020 - El Cajon

Additional

Days On Market: 121
List Agent State License: 00842230
Number Of Units Total: 35
Parcel Number: 4881343300

Financial

Cap Rate: 3.19
Gross Scheduled Income: 594781
Net Operating Income: 302679
Operating Expense: 277258

Zoning Info


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Listed by: EricComer, DRE #00842230 from Eric D. Comer, Broker

Contact - Listing ID 220013208SD

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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