Village Green Apartments
743 S Magnolia Ave.
El Cajon, CA 920203
92 Units
Asking Price is 12.9M
140K per door
$169 per sqft
All two Bedrooms 828 sqft
10 Two Story and one story buildings.
Large storage areas for potentially additional income.
This property is tired and poorly managed; this use to be a
very nice complex.
Cap ex estimate on this deal is estimated at 920K
There is currently a loan that with a prepay (yield Maintenance) of roughly 100K.
The prepay expires August of 2016. The balance of the existing
loan is roughly 2.6M at a rate of 5.6%- Numbers are ran with Buyer assuming new financing.
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