NorthMarq Brokers Sell El Cajon Multifamily For $3.44M

The multifamily property located at 431 Van Houten Avenue in El Cajon was sold for $3.44 million. The property, built in 1986, consists of eight three-bedroom townhome units, making it an attractive investment in the affordable El Cajon submarket.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,440,000
• Units: 8
• Price Per Unit: $430,000
• Address: 431 Van Houten Avenue
• Market: El Cajon

The sale of the property was facilitated by NorthMarq's San Diego team, led by Senior Vice Presidents Erik Anderson and Benn Vogelsang. Their expertise and efforts in marketing the unique mix of units and rental appeal of the property played a significant role in attracting buyer interest and successfully closing the deal.