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  • DESCRIPTION

    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

    KEY DETAILS
    • Price:
    • $9,500,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • n/a
    • MLS #:
    • 220013208SD
    • Street Address:
    • 150 S Mollison
    • City:
    • El Cajon
    • State:
    • CA
    • Postal Code:
    • 92020
    • County:
    • San Diego
    • Area:
    • El Cajon
    • Listing Status:
    • For Sale - Active

    Building

    • Number Of Units:
    • 35
    • Total # Of Buildings:
    • 3

    Business

    • Net Operating Income:
    • 299300
    • Operating Expense:
    • 277177

    Listing

    • Days On Market:
    • 59
    • On Market Date:
    • 2022-05-27
    • Originating Mls:
    • Crmls
    • Previous Listing Price:
    • 9900000

    Structures

    • Parking Spaces:
    • 85

    Source

    • Provided By:
    • Listing Agent Eric Comer with Eric D. Comer

      CACRMLS
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    SCHOOL RATINGS

    No school information available.

    NOTES

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