299 Wisconsin Avenue, El Cajon, CA 92020
Commercial property
Sold May 2023
Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily · MLS #230002757SD · Source: CRMLS
About this commercial property
Wisconsin Terrace is a 22-unit apartment complex that consists of three structures totaling 21,300 square feet built in 1987 and situated on a 33,541 square foot lot in the strong rental market of El Cajon. The unit mix consists of 10 approximately 1,086 square foot 3Bed/2Bath units and 12 approximately 875 square foot 2Bed/2Bath units. The complex features 37 off-street parking spaces, pitched roofs, a newer trash enclosure, shared onsite laundry, and lush, well-maintained landscaping. The spacious units feature AC wall units, ceiling fans, electric stoves, dishwashers, microwaves, and garbage disposals. Nine units have been thoroughly remodeled and five have been partially remodeled. There is approximately 25% upside in rents. Most units have patios or balconies. There is currently RUBS utility billback in place and the option to assumable an attractive $3.008M loan fixed at 4.02% until October 2026.
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history