Sold
299 Wisconsin Avenue
El Cajon CA, 92020
$5,775,000
$271.13 per sqft
Sold
5 Beds
21,300 sqft
Commercial
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.
230002757
MLSⓇ ID
February 8, 2023
Listed
February 15, 2024
Updated
Map
299 Wisconsin Avenue
El Cajon CA, 92020
Interior Features
Total Stories
2
Bedrooms
5 Beds
Appliances
Dishwasher, Range, Refrigerator, Disposal
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Other Property Details
Area Name
East County
Days on Market
20
Garage
No
Parking Total
38
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
1.5%
Listing History
Date | Event | Price |
|---|---|---|
5/13/2023 | Price Change | $5,775,000 -16% |
5/13/2023 | Sold | $5,775,000 |
Listed by NorthMarq Multifamily, Benn Vogelsang,
Listing Contact: 415-250-4947
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Data last updated 8:59 PM UTC, 2/15/2024
