Wisconsin EP, LLC Acquires 22-Unit Multifamily Property In El Cajon For $5.8M
299 Wisconsin Ave El Cajon, CA 92020, USA
$5,775,000
Building Size
—
Asset Type
MultiFamily
Closing
May 22, 2023
AI
Benn Vogelsang of Northmarq arranged the sale of a 22-unit apartment building in El Cajon for $5,775,000. The property is located at 299 Wisconsin Avenue in downtown El Cajon and offers two- and three-bedroom units. Amenities include onsite laundry, storage space, and assigned parking.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,775,000
- Address: 299 Wisconsin Avenue
- Market: El Cajon
Wisconsin Apartments, LLC sold the property to Wisconsin EP, LLC. Benn Vogelsang of Northmarq represented both the buyer and seller in the deal.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93