Log In/Sign Up
Your email has been sent.
275-299 S Mollison Ave 13 Unit Apartment Building $5,497,215 CAD ($422,863 CAD/Unit) 4.40% Cap Rate El Cajon, CA 92020
Investment Highlights
- Walking distance to bus station & shopping center
Executive Summary
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.
Property Facts
| Price | $5,497,215 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $422,863 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 4.40% | Building Size | 6,730 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 90% |
| Gross Rent Multiplier | 14.7 | No. Stories | 1 |
| No. Units | 13 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 3.12/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3 | ||
| Price | $5,497,215 CAD |
| Price Per Unit | $422,863 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.7 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 6,730 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 3.12/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $2,575 CAD | 500 |
| 2+1 | 1 | $3,368 CAD | 800 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 488-262-03 | Improvements Assessment | $2,953,766 CAD |
| Land Assessment | $1,875,641 CAD | Total Assessment | $4,829,408 CAD |
Property Taxes
Parcel Number
488-262-03
Land Assessment
$1,875,641 CAD
Improvements Assessment
$2,953,766 CAD
Total Assessment
$4,829,408 CAD
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
275-299 S Mollison Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.