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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.

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
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
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

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
  • Listing ID: 41025824

  • Date on Market: 6/23/2026

  • Last Updated:

  • Address: 909 S Sunshine Ave, El Cajon, CA 92020

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