Stos Partners Acquires Multifamily Property On Lincoln Avenue In El Cajon, San Diego For $6M
SOLD
$6,000,000
California
See Similar DealsMultiFamily
Sold 12/28/2021
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 DealsMultiFamily
Sold 12/28/2021
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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