$8,675,000
$9,500,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
150 S Mollison El Cajon, CA 92020
Key Details
Sold Price $8,675,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220013208SD
Sold Date 12/06/22
HOA Y/N No
Property Sub-Type Mixed Use
Property 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
Location
State CA
County San Diego
Area 92020 - El Cajon
Interior
Fireplace No
Exterior
Total Parking Spaces 85
Others
Tax ID 4881343300
Financing Cash to New Loan
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Bought with Eric Comer • Eric D. Comer, Broker