275 S. Mollison Ave., El Cajon, CA 92020 - 210027637 - iPro Real Estate
iPro Real Estate

iPro Real Estate

275 S. Mollison Ave.
El Cajon, CA 92020

Active, Multi-Family/Income Sale

For Sale

$3,200,000 $475.48 per sqft

Free Professional CMA

Listing ID : 210027637

  • Beds

    3
  • Structure / Lot Size

    6,730 Sqft / 23,086 Sqft

Description

275 S Mollison Avenue is a Thirteen Unit Apartment Community that Offers a Fully Rented and Freshly Renovated Investment Opportunity. Professional Design Elements have been Implemented throughout from New Flooring to Floating Bathroom Vanities. This Asset Offers a Product for the Modern Tenant and Investor alike: Private Community, Stabilized Cash Flow, Low Maintenance & High End Finishes w/ Convenient Access to Schools and Freeways.

Details

Type: Multi-Family/Income Sale 
MLS Area: East County 
County: San Diego 
Tax ID: 4882620300
Building Size: 6,730 SqFt 
Cap Rate: 4% 
Gross Income Multiplier: 14.8 
Days on Market: 431 
Number of Units: 13 
Property Type: Residential Income Additional 
Sub Type: Com-Res Income 

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Interactive

32.79285 -116.950653 $3,200,000 210027637
275 S. Mollison Ave., El Cajon, CA 92020
Directions to here from:

Area Information 92020

Population:

63,135 Up .07% since 2010
Average Income:
$87,843
Average Age:
37Years
Gender:
49.24%Male
50.76%Female
Households:
21,96936.21% with children
Average Value:
$690,177
Occupancy:
40.49%Owned
59.51%Rented
3.7%Vacant
Education:
24.93%High School
9.09%Associate
15.36%Bachelor
8.77%Graduate
Average Residency:
19Years
Crime Rate:
Average
Annual Rainfall:
13.48Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average
Wind Risk:
Very Low

Tax Assessments

Value

  • Land $696,931
  • Improvements $788,068

  • Total $1,484,999

Property Tax

  • 2022 $23,960

History

Date Transaction Price Mortgage Amt & Lender
Date
Mar 16, 2022
Transaction
Rented - Residential Lease220004574
Price
$2,500
Mortgage Amt & Lender
- -
Date
Jan 01, 2022
Transaction
Expired - Residential Income Additional210022091
Price
$3,200,000
Mortgage Amt & Lender
- -
Date
Oct 25, 2021
Transaction
Pending - Residential Income Additional210027637
Price
$3,200,000
Mortgage Amt & Lender
- -
Date
Sep 15, 2001
Transaction
Sold - Residential Income Additional100421
Price
$636,100
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Adam Cairo with South Coast Commercial, Inc.