1096 N Mollison Ave

El Cajon, CA 92021

$10,764,000
Price
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an aerial view of a residential apartment building with a yard
front view of a house with a yard
a view of a chair and table in the patio
a front view of a house with garden
a front view of a house with garden
a front view of a house with a yard

Description

Portfolio sale Seller may consider individual offers but prefers to sell as a portfolio. Property to be sold with 964-980 Merritt Drive & 986 Merritt Drive (With the option to buy additional properties at 1012-1014 N 1st, 1022-1024 N 1st, 504-506 Ann Street, 1064 E. Madison, and 898 Valley Village). Marketing package and details attached. We are proud presents the Colonial Gardens Apartments, a spacious apartment in El Cajon, California. The Colonial Gardens Apartments offers several amenities to...Portfolio sale Seller may consider individual offers but prefers to sell as a portfolio. Property to be sold with 964-980 Merritt Drive & 986 Merritt Drive (With the option to buy additional properties at 1012-1014 N 1st, 1022-1024 N 1st, 504-506 Ann Street, 1064 E. Madison, and 898 Valley Village). Marketing package and details attached. We are proud presents the Colonial Gardens Apartments, a spacious apartment in El Cajon, California. The Colonial Gardens Apartments offers several amenities to its residents. The property is secured with controlled access and has a charming courtyard-style community.  There is an attractive Fannie Mae loan on this property that can be assumed.  The interest rate is 3.32%, fully amortized over 30 years, and due in 2027.  The current balance on the loan is $4,849,963.  With current interest rates averaging 6% or higher, the assumption of the existing loan creates a desirable return on investment.  The property also includes a BBQ area and on-site laundry facilities. The owner has instituted a utility billing system allowing the tenants to pay for electricity, gas, water, sewer, and trash. One of the major advantages of this apartment is that it comes with off-street parking, which is a huge convenience in a busy location.  The apartment itself has newer energy-efficient air conditioning, which means that the resident can enjoy a comfortable living space while also keeping their energy bills low. Additionally, the apartment has been recently painted and is in very clean condition.
  1. Listed by Craig Stewart • DRE #01060001 • Acre Investment Real Estate

Property Details for 1096 North Mollison Avenue

City Postal ID
EL CAJON (92021)
LISTING UPDATED: 02/16/2024 10:50 AM

Property Details for 1096 North Mollison Avenue

StatusActive
MLS #240001790
Days on Market411
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Apartment
Year Built-
Lot Size1.20 AC / 52,272 SF
CountySan Diego County

Building Information for 1096 North Mollison Avenue

Stories-Residences-Year Built-Building Size-Lot Size1.20 AC / 52,272 SF

Property Information for 1096 North Mollison Avenue

Summary Information
Property and Location
  • System ID: 240001790
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 1096
  • Street Direction: N
  • Street Name: Mollison
  • Market Area: East County
Interior and Exterior Features
Exterior Features
  • Exterior: All Auto Sprinklers, Block Fence, Cable Available, Metal Fence
  • Roof: Composition
Property Information
Property and Assessments
  • Entry Only: No
  • Zoning: R-4
  • Assessors Parcel Num: 4831813100
Multi Family Information
Building Details
  • Unit Type: Apartment
  • Age: 1977
  • Amenities: BBQ
  • Construction: Brick, Drywall, Frame, Stucco
  • Floor Covering: Tile, Vinyl, Wall to Wall Carpet
  • Floors: Slab, Wood
  • Have: Units
  • Motive/Want: Exchange
  • Parking: Carports, Spaces
  • Special: None
  • SqFt of Improvement: 24,778
  • Tenant Pays Electric: Y
  • Tenant Pays Gas: Y
  • Tenant Pays Water: Y

Property History for 1096 North Mollison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1096 North Mollison Avenue

Taxable ValueLand$2,760,907Additions$3,011,899Total$5,772,806
Tax Record2024$88,200 ($7,350 / month)
Home Facts
Total Finished SqFt24,778 SqFtAbove Grade Finished SqFt24,778 SqFtLot Size50,965 SqFtStyleMulti-Family Res (5+ Units)Year Built1977ZoningR-4:MULTIPLECountySAN DIEGOAPN483-181-31-00

Schools near 1096 North Mollison Avenue

This home is within Cajon Valley Union School District.
Rating
School
Type
Grades
Distance
Magnolia Elementary School
Public - K to 5
Greenfield Middle School
Public - 6 to 8
El Cajon Valley High School
Public - 9 to 12
Helix High School
Charter - 9 to 12
Rating
School
Distance
Magnolia Elementary School
PublicK to 5

Greenfield Middle School
Public6 to 8

El Cajon Valley High School
Public9 to 12

Helix High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1096 North Mollison Avenue, El Cajon, CA 92021

1096 North Mollison Avenue is a multi-family home for sale in El Cajon, CA 92021. This property was listed for sale on January 24, 2024 by Acre Investment Real Estate, it's currently listed at $10,764,000. It has been on the market for a total of 411 days and was last sold on May 21, 2007. This listing's school districts are Cajon Valley Union School District, Grossmont Union High School District. Nearby schools include Magnolia Elementary School, Greenfield Middle School and El Cajon Valley High School. 1096 North Mollison Avenue is a 0-bed, 0-bath, multi-family home.

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Listing Courtesy of Acre Investment Real Estate, Craig Stewart, DRE #01060001

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