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1/11/22
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Stos Partners recently acquired Lincoln Washington Apartments, a 25-unit multifamily property in El Cajon, in a $6 mil ($240k/unit), off-market transaction. The property is located at 685 S. Lincoln Ave, south of I-8 and west of Mollison Ave.
The company intends to undertake a full rehabilitation of the asset, including exterior and interior renovations. Stos Partners also plans on adding a 26th unit at the community as part of the firm’s value-add upgrades to the asset.
Benn Vogelsang of South Coast Commercial represented Stos Partners in the transaction. Acquisition financing was provided by C3 Bank.
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