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871 N Mollison Avenue, El Cajon, CA 92021

Commercial property · 2 recorded sales since 2012

871 N Mollison Avenue, El Cajon, CA 92021 Sold June 2013 CRMLS
$4,095,000Sold June 2013

Listing Agent: Chris Zorbas (DRE #01301418) · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Jorge Jimenez · Marcus & Millichap · MLS #130011163 · Source: CRMLS

37
Units
5.06%
Cap Rate
$207,327
NOI
45,302 sqft
Lot Size
Commercial property
Type

About this commercial property

Marquis Apartments is a 37-unit apartment complex located at 871 North Mollison Avenue in the City of El Cajon, California. Built in 1970, at the corner of North Mollison Avenue and Peach Avenue, the subject property is situated on 1.04 acres. The property is comprised of 15 one-bedroom/one-bath units, and 22 two-bedroom/two-bath units totaling approximately 30,300-rentable square feet. The complex consists of two, two-story wood frame buildings, with concrete slab foundations and flat roofs. Residents also enjoy the on-site modern laundry facilities, gated swimming pool and controlled access. The property also features covered and open parking.

Listing description from the June 2013 sale, as reported to CRMLS.

Sale history

$4,095,000
Sold June 2013 · on market March 2013 · MLS #130011163 · Source: CRMLS
Listing Agent: Chris Zorbas · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Jorge Jimenez · Marcus & Millichap
$3,420,000
Sold April 2012 · listed $3,645,000, orig. $3,795,000, on market August 2011 · MLS #110045354 · Source: CRMLS
Listing Agent: David Shattles · Listing Office: Real Estate Services, Inc. · Contact: 619-640-3100 · Bought with: David Shattles · Real Estate Services, Inc.
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