OFFERING SUMMARY
List Price:
$17,250,000
Number of Units:
40
Price/Unit:
$431,250
Price/SF:
$490.98
Cap Rate:
5.24%
GRM:
13.26
NOI:
$903,053
Status:
Active
Investment Highlights:
Brand New Construction Apartment
Community In Prime El Cajon Neighborhood
Completed By Well-Known & Award-Winning
Developer Alex Lisnevsky
Twelve 3-Bedroom & Twenty Eight 2-Bedroom
Units With Large Open Floor Plans
Solar Panels, Individual Meters For Electricity
(No Gas) & Water; Minimal Expenses
Twenty 1-Car Garages & Two 2-Car Garages &
Playground On-Site; 79 Total Spaces
Very Large 75,358 SF Lot (1.73 Acres) With
35,134 Building SF
Seller Will Carry Back Small $3.5mil Loan For 1
Year, 4% I/O Until Leased
71SF - 89SF Decks Included With Every Unit
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