El Cajon, CA 92020,150 S Mollison
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El Cajon, CA 92020,150 S Mollison
El Cajon, CA 92020,150 S Mollison
El Cajon, CA 92020,150 S Mollison
El Cajon, CA 92020,150 S Mollison

$8,675,000

Est. payment /mo

$9,500,000

8.7%
Est.Price: ?

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150 S Mollison El Cajon, CA 92020

SOLD DATE : 12/06/2022

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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California Regional MLS (CRMLS)
Listed by Eric Comer • Eric D. Comer, Broker
Bought with Eric Comer • Eric D. Comer, Broker
agent

Tafoya Real Estate

Broker | License ID: 01493993

+1(559) 765-4220

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