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SAN DIEGO NEWS
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El Cajon Multifamily Property Goes for $19 Mil

11/06/20

Villa Grande Apartments, a 110-unit multi-family property in East San Diego County’s El Cajon neighborhood, sold for $19 mil, or $173k/unit. The Villa Grande Apartments, which totals 64.9k sf of buildings on a 4.55-acre parcel, is located at 1360 E Madison Ave.

The community is comprised of one- and two-bedroom units. The property, featuring a clubhouse, pool and spa, is viewed as an excellent value-add opportunity.

Peter Scepanovic and Corey McHenry of Colliers International’s Multi-Family Advisory Team represented the undisclosed buyer. Coldwell Banker Commercial repped the seller, 1360 E Madison Avenue LLC.





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