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
Building Size
—
Asset Type
MultiFamily
Closing
Dec 28, 2021
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.
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