Updated Dec 6, 2024
Stos Partners Acquires Multifamily Property On Lincoln Avenue In El Cajon, San Diego For $6M
685 Lincoln Avenue, El Cajon, California 92020, United States
$6,000,000
Units
25
Asset Type
MultiFamily
Closing
Dec 28, 2021
About this deal
AI
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.
On the Map
$6,000,000
MultiFamily
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Players
El Cajon 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93