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229 Shady ln - Villa Capri 59 Unit Apartment Building Offered at $18,982,673 CAD at a 4.48% Cap Rate El Cajon, CA 92021
Investment Highlights
- Attractive unit mix consisting of spacious one-, two-, and three-bedroom floorplans, averaging approximately 816 sq ft.
- Upgraded property systems, electrical, common areas, and landscaping.
- Consistently stronger renter demand across East County, supported by low vacancy and limited supply.
- Significant rental upside available through continued interior and exterior enhancement programs.
- Desirable property amenities including a pool, landscaped courtyards, BBQ and picnic areas, leasing office, abundant off- street parking.
- Prime accessibility located near Interstate 8, the El Cajon Transit Center, and key bus routes.
Executive Summary
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.
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.
Property Facts
| Price | $18,982,673 CAD | Property Type | Multifamily |
| Price Per Unit | $321,740 CAD | Building Size | 48,150 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 4.48% | Year Built | 1969 |
| Gross Rent Multiplier | 10.26 | Opportunity Zone |
Yes
|
| No. Units | 59 |
| Price | $18,982,673 CAD |
| Price Per Unit | $321,740 CAD |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Gross Rent Multiplier | 10.26 |
| No. Units | 59 |
| Property Type | Multifamily |
| Building Size | 48,150 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $2,404 CAD | 650 - 15,600 |
| 2+1 | 16 | $2,612 CAD | 825 - 13,200 |
| 2+2 | 12 | $2,861 CAD | 1,000 - 12,000 |
| 3+2 | 7 | $3,069 CAD | 1,050 - 7,350 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
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229 Shady ln - Villa Capri
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