The Park Villa
260-280 W Park Ave

EL CAJON 92020

38-Unit Investment Opportunity – $8.5M

The Park Villa apartments is a 38 unit apartment building located in the city of El Cajon featuring a unit mix of (17)2+1s, (15)1+1s, and (6)Studios and just over 20% upside. Amenities include on-site laundry and a sparkling pool located in the courtyard of the building.

  • Price: $8,500,000
  • $326/foot
  • 3.75% CAP / 5.26% Market
  • Price/Unit: $223,684/unit
  • 15.25 GRM / 12.32 Market
  • 20%+/- Upside

HIGHLIGHTS

  • healthy mix of two, one and studio units
  • spacious floor plans
  • separately metered for gas and electric
  • amenities include pool, laundry and storage cabinets for some units
  • spacious, open floor plans
  • bright units
  • tile flooring in most units
  • close to freeways
  • walk to Main Street featuring urbn, Starbucks, 24 hour fitness, shops, restaurants

Contact

760-929-7846

evb@lee-associates.com

1900 Wright Place, Suite 200
Carlsbad, CA 92008, USA

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