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848 N Mollison Ave
El Cajon, CA 92021
Sunset Gardens Apartments · Multifamily Property For Sale
·
102 Units
Investment Highlights
- Day-One Yield (6.66% Cash-on-Cash Going-In)
- Positive Leasing Trends (LTO Shows 6.1% Rent Growth)
- Very Walkable (75 Walk Score) with Easy Commute Times
- Compelling Upside ($250-$350 Renovation Premiums)
- Strong Macro Fundamentals (96.6% Submarket Occupancy)
Property Facts
| No. Units | 102 | Building Size | 94,980 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1976 |
| Building Class | B | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 3.07 AC | ||
| Zoning | R-4 - Multi-Family | ||
| No. Units | 102 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.07 AC |
| Building Size | 94,980 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R-4 - Multi-Family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Bay Window
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Yard
- Family Room
- Pantry
- Patio
- Porch
- Smoke Free
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Recycling
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 53 | $1,953 | 738 |
| 2+1.5 | 49 | $1,937 | 1,140 |
Property Taxes
| Parcel Number | 484-282-22 | Improvements Assessment | $10,975,020 |
| Land Assessment | $9,184,851 | Total Assessment | $20,159,871 |
Property Taxes
Parcel Number
484-282-22
Land Assessment
$9,184,851
Improvements Assessment
$10,975,020
Total Assessment
$20,159,871
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