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Southwinds Apartments 909 S Sunshine Ave 22 Unit Apartment Building $6,300,000 ($286,364/Unit) 5.53% Cap Rate El Cajon, CA 92020



Investment Highlights
- High 5.5%+ Cap Rate on Actuals
- Recent Exterior Paint & Landscape Upgrades
- Gated Entrance + 34 Parking Spaces
- 100% 2 Bedroom Units
- Sparkling Pool & Onsite Laundry Facilities
Executive Summary
DP Properties & Century 21 Masters are pleased to offer the Southwinds Apartments investment opportunity located at 909 S. Sunshine Ave in El Cajon, CA.
The Southwinds are 100% 2 Bedroom/1 Bath units which bodes well for the El Cajon marketplace. Fully renovated in 2015, the property has been well maintained by the current ownership. This is a perfect opportunity for a buyer looking for a stable long term apartment investment in a strong location. Each unit has either an upstairs balcony or a downstairs large enclosed patio/yard. The property has a gated entry and a large parking lot comprising approximately 34 on-site parking spaces. The residents enjoy a beautifully maintained, sparkling swimming pool that serves as the centerpiece of the community.
LOCATION:
El Cajon has the lowest vacancy rate in the county as of 2026. The city of El Cajon was incorporated and made part of San Diego County, California in 1912. El Cajon is approximately 14.5 square miles in size and located just east of the City of San Diego. According to the city website, the city is home to just over 100,000 residents. Just an approximately 20 minute drive to Downtown San Diego, El Cajon’s Public Transportation is serviced by seven separate bus routes, in addition to the San Diego Trolley. Within the city of El Cajon there are approximately 20 elementary schools, 6 middle schools, 5 high schools, and 3 colleges. It is also just minutes from San Diego State University, one of the state’s largest institutions of higher learning and ranked among the nation’s best national universities, according to US News & World.
The Southwinds are 100% 2 Bedroom/1 Bath units which bodes well for the El Cajon marketplace. Fully renovated in 2015, the property has been well maintained by the current ownership. This is a perfect opportunity for a buyer looking for a stable long term apartment investment in a strong location. Each unit has either an upstairs balcony or a downstairs large enclosed patio/yard. The property has a gated entry and a large parking lot comprising approximately 34 on-site parking spaces. The residents enjoy a beautifully maintained, sparkling swimming pool that serves as the centerpiece of the community.
LOCATION:
El Cajon has the lowest vacancy rate in the county as of 2026. The city of El Cajon was incorporated and made part of San Diego County, California in 1912. El Cajon is approximately 14.5 square miles in size and located just east of the City of San Diego. According to the city website, the city is home to just over 100,000 residents. Just an approximately 20 minute drive to Downtown San Diego, El Cajon’s Public Transportation is serviced by seven separate bus routes, in addition to the San Diego Trolley. Within the city of El Cajon there are approximately 20 elementary schools, 6 middle schools, 5 high schools, and 3 colleges. It is also just minutes from San Diego State University, one of the state’s largest institutions of higher learning and ranked among the nation’s best national universities, according to US News & World.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$534,228
|
$25.94
|
| Other Income |
$42,000
|
$2.04
|
| Vacancy Loss |
$16,027
|
$0.78
|
| Effective Gross Income |
$560,201
|
$27.20
|
| Taxes |
$73,773
|
$3.58
|
| Operating Expenses |
$138,181
|
$6.71
|
| Total Expenses |
$211,954
|
$10.29
|
| Net Operating Income |
$348,247
|
$16.91
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $534,228 |
| Annual Per SF | $25.94 |
| Other Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $2.04 |
| Vacancy Loss | |
|---|---|
| Annual | $16,027 |
| Annual Per SF | $0.78 |
| Effective Gross Income | |
|---|---|
| Annual | $560,201 |
| Annual Per SF | $27.20 |
| Taxes | |
|---|---|
| Annual | $73,773 |
| Annual Per SF | $3.58 |
| Operating Expenses | |
|---|---|
| Annual | $138,181 |
| Annual Per SF | $6.71 |
| Total Expenses | |
|---|---|
| Annual | $211,954 |
| Annual Per SF | $10.29 |
| Net Operating Income | |
|---|---|
| Annual | $348,247 |
| Annual Per SF | $16.91 |
Property Facts
| Price | $6,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $286,364 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.91 AC |
| Cap Rate | 5.53% | Building Size | 17,978 SF |
| Gross Rent Multiplier | 11.79 | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2015 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Zoning | C | ||
| Price | $6,300,000 |
| Price Per Unit | $286,364 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 11.79 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 17,978 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2015 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | C |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Walk-In Closets
- Yard
- Patio
- Window Coverings
Site Amenities
- Controlled Access
- Property Manager on Site
- Gated
- Package Service
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | $2,195 | 817 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 492-332-08 | Total Assessment | $4,494,911 |
| Land Assessment | $1,922,956 | Annual Taxes | $73,773 ($4.10/SF) |
| Improvements Assessment | $2,571,955 | Tax Year | 2025 |
Property Taxes
Parcel Number
492-332-08
Land Assessment
$1,922,956
Improvements Assessment
$2,571,955
Total Assessment
$4,494,911
Annual Taxes
$73,773 ($4.10/SF)
Tax Year
2025
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Southwinds Apartments | 909 S Sunshine Ave
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