El Cajon Homes

Mollison Gardens Apartments is a 35-unit value add property for sale in the east San Diego submarket of El Cajon. Originally, constructed in 1987, this community offers one, two and three-bedroom floor plans. Community amenities feature a swimming pool, common laundry facility, picnic area with barbecue and 20-single car garages. The property is located south of Interstate 8 and offers easy access to shopping, schools and nearby employment. While the property is well maintained, the majority of units are in original condition. There is opportunity for enhancements that can result in increased rents. Mollison Garden's desirable unit mix of mostly 2-bedroom floor plans, accessibility to local amenities and employment, and value-add potential, makes it a prime investment opportunity. Amenities: BBQ

ASSUMABLE FINANCING OF ~$4,095,000 AT 3.03% FIXED FOR ANOTHER ~4 YEARS. - 23-Unit apartment building in great shape with moderately renovated interiors - 21, 1/1's and 2, 2/1's - 1977 construction - Great rental upside - Unparalleled demand for apartments in San Diego - Unbeatable assumable debt at 67% LTV fixed at 3.03% - Hard surface floors, great community feel - 7 single car garages for additional income - Air condition for tenants and 9 foot ceilings - Lush interior courtyard landscaping with BBQ area DO NOT GO ON PROPERTY OR DISTURB TENANTS - Reach out to broker for additional details and OM.

- Available with contiguous properties at 948 and 966 S Sunshine for a total of 58-units, 2/3 properties have assumable debt - 20-Unit apartment building in great shape with moderately renovated interiors - Great varied mix of units, with 1 studio, 8 1-bedroom units, 3, 2/1 units and 8, 2/1.5 units - 1980 construction - Great rental upside with current rents ~44% under market. - Unparalleled demand for apartments in San Diego with lowest vacancy in the county - Hard surface floors, upgraded cabinets - Ample surface parking available for tenants - Courtyard area and pool DO NOT GO ON PROPERTY OR DISTURB TENANTS - Reach out to broker for additional details and OM.

ASSUMABLE FINANCING AT ~68.5% LTV FIXED AT 3.03% FOR 4 YEARS - Available with contiguous properties at 922 and 966 S Sunshine for a total of 58-units, 2/3 properties have assumable debt - 19-Unit apartment building in great shape with moderately renovated interiors - All 900/SF 2 bed 1 bathroom units and 1, 4 bedroom 2 bath unit - 1977 construction - Great rental upside with current rents ~11% under market. - Unparalleled demand for apartments in San Diego with lowest vacancy in the county - Hard surface floors, upgraded cabinets - Ample surface parking available for tenants DO NOT GO ON PROPERTY OR DISTURB TENANTS - Reach out to broker for additional details and OM.

ASSUMABLE FINANCING AT 2.97% FIXED FOR 4 YEARS AT 69% LTV. AVAILABLE WITH CONTIGUOUS 39 UNITS AT 922 and 948 S SUNSHINE • Excellent unit mix of over 100% 2-bedroom Units • Additional increase in revenue through the implementation of a utility reimbursement program • 1978 Construction allows an investor to calculate less for capital expenditures • Less than one mile from Interstate-8, the property offers great accessibility to all San Diego employment hubs • Attractive assumable financing at 2.97% in a rising interest rate environment fixed until November 2026 – Original loan balance of $3,920,000 • Proforma ~5.5% Cap Contact agent for OM.

Contact Broker for OM and Financials. Do not disturb tenants or go on property without prior approval from agent. 20 renovated units available in El Cajon. 1977 construction, featuring 18, 1/1's and 2, 2/1's. The property is available by itself or as part of a 5-property portfolio (*contact agent for more information). 23% upside in rents, 90% renovated units, new roof and water heaters, 11 single garages and 21 parking spaces, air conditioning and tranquil interior BBQ courtyard.

Prime location in Fletcher Hills, close to Freeway 125. Three (3) well maintained freestanding buildings on separate parcels. All leased with long term leases that run through 2024, 2025. Tenants pay for all utilities, water, sewer, trash and landscaping services. Easy access to off street parking in rear of buildings. Age of buildings to be verified by buyer, estimated construction of buildings in late 1950's - early 1960. Square footage of each building range from 1080 to 1248 sq ft. Buildings are sold together.

Welcome to this incredible opportunity to develop this rare 103 acre property! Located in a very desirable area of Blossom Valley with incredible views and potential luxury home sights. There is a map in the works for a 20 lot subdivision, and the Tentative Parcel Map is available to be taken over (TM 5421). Recent appraisal of 6.4M in documents! Perfect project for luxury single family homes on good size parcels. County of San Diego - Preliminary Draft Conditions report available dated Jan 27th, 2020. Zoning/NHD report available for this property. The current proposed plan has access off Oak Creek, Old Highway 80, and Flinn Springs rd. A lot of potential whether its starting a new project or taking over existing, please reach out with any questions.

275 S Mollison Avenue is a Thirteen Unit Apartment Community that Offers a Fully Rented and Freshly Renovated Investment Opportunity. Professional Design Elements have been Implemented throughout from New Flooring to Floating Bathroom Vanities. This Asset Offers a Product for the Modern Tenant and Investor alike: Private Community, Stabilized Cash Flow, Low Maintenance & High End Finishes w/ Convenient Access to Schools and Freeways.