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Stos Partners Acquires Multifamily Property On Lincoln Avenue In El Cajon, San Diego For $6M

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SOLD
$6,000,000

California

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MultiFamily
Sold 12/28/2021
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Property Image
SOLD

Stos Partners Acquires Multifamily Property On Lincoln Avenue In El Cajon, San Diego For $6M

685 Lincoln Avenue, El Cajon, California 92020, United States

See Similar Deals
MultiFamily
Sold 12/28/2021
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 685 S. Lincoln Avenue in El Cajon, San Diego has been sold for a price of $6,000,000. This property consists of 25 units, resulting in a price per unit of $240,000. The sale took place on December 28, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Address: 685 S. Lincoln Avenue
  • Market: El Cajon, San Diego
  • Buyer: Stos Partners
  • Buyer's Representative: Benn Vogelsang - South Coast Commercial
  • Units: 25
  • Price Per Unit: $240,000

The buyer of this multifamily property is Stos Partners, represented by Benn Vogelsang from South Coast Commercial.

Players

Benn Vogelsang
5 deals$21M volume
BROKER

Stos Partners
BROKERAGE

Details

SOLD
IMAGE: Sean Giffin & CJ Stos DATE: 12/28/2021 ADDRESS: 685 S. Lincoln Avenue MARKET: El Cajon, San Diego ASSET TYPE: Multifamily BUYER: Stos Partners (@StosPartners) BUYER’S REP: Benn Vogelsang - South Coast Commercial SALE PRICE: $6,000,000 UNITS: 25 ~ PPU: $240,000

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Debt Service Coverage Ratio (DSCR)

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Cash Flow (Annual)-$21,316.74
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