{"id":5838,"date":"2022-01-25T10:19:20","date_gmt":"2022-01-25T18:19:20","guid":{"rendered":"https:\/\/www.lee-associates.com\/sandiegonorth\/?p=5838"},"modified":"2024-08-19T13:47:38","modified_gmt":"2024-08-19T20:47:38","slug":"38-unit-multifamily-investment-property-in-el-cajon-sold-for-9m","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/sandiegonorth\/2022\/01\/25\/38-unit-multifamily-investment-property-in-el-cajon-sold-for-9m\/","title":{"rendered":"38-Unit Multifamily Investment Property in El Cajon Sold for $9M"},"content":{"rendered":"<div id=\"pl-5838\"  class=\"panel-layout\" ><div id=\"pg-5838-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-5838-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-5838-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>El Cajon, CA\u00a0<\/strong>\u2013 January 25, 2022\u00a0<strong>-\u00a0<\/strong>Lee &amp; Associates Multifamily Advisory Group (MAG) and Eric von Bluecher just completed the sale of 38 Units in El Cajon. The property was well maintained and featured 16, two bed, one bath units, 16, one bed, one bath units, six studios, 31 parking spaces, community pool and laundry room. Eric von Bluecher and the Lee &amp; Associates Marketing Team executed full marketing on the property, generated multiple offers from both brokers and principals, and closed $500,000 over asking at $9,000,000, $236,842\/unit and $345\/foot, the highest price per foot for 16-100 units sold in El Cajon in the past 12 months. Eric von Bluecher represented both the Seller, The Ivicevic Trust and the Buyer, Park Villa Community Partners, LP. The buyer plans on making both exterior and interior renovations for a long-term hold.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-5838-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-5838-1-0\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-5838-1-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-5838\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/people\/?terms=eric+von+bluecher&#038;broker=92224\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Eric-von-Bluecher.jpg\" width=\"236\" height=\"256\" srcset=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Eric-von-Bluecher.jpg 900w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Eric-von-Bluecher-473x512.jpg 473w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Eric-von-Bluecher-768x832.jpg 768w\" sizes=\"(max-width: 236px) 100vw, 236px\" title=\"Eric von Bluecher\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<h3 class=\"widget-title\">Eric von Bluecher<\/h3><\/div><\/div><\/div><div id=\"pgc-5838-1-1\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>El Cajon, CA\u00a0\u2013 January 25, 2022\u00a0&#8211;\u00a0Lee &amp; Associates Multifamily Advisory Group (MAG) and Eric von Bluecher just completed the sale of 38 Units in El Cajon. The property was well maintained and featured 16, two bed, one bath units, 16, one bed, one bath units, six studios, 31 parking spaces, community pool and laundry room. Eric von Bluecher and the Lee &amp; Associates Marketing Team executed full marketing on the property, generated multiple offers from&#8230;<\/p>\n","protected":false},"author":22,"featured_media":5839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1064,6],"tags":[1077,1015,1074,1069,1051],"class_list":["post-5838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-multi-family","category-press-releases","tag-el-cajon","tag-eric-von-bluecher","tag-ivan-del-muro-garcia","tag-multifamily","tag-multifamily-advisory-group"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>38-Unit Multifamily Investment Property in El Cajon Sold for $9M - San Diego North | Lee &amp; Associates<\/title>\n<meta name=\"robots\" content=\"index, follow, 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