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150 S Mollison $9,500,000


    150 S Mollison El Cajon, CA 92020

    • Commercial Sale
    • MLS# 220013208SD
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    Views: 47 Days On Market: 121

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    Property Details

    Description Tours

    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

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 1.500 %
      • County Or Parish San Diego
      • Number Of Buildings 3
      • Number Of Units Total 35
    • Property Features
      • Parking Total 85.00



    92020 (El Cajon) Demographics

    36 Median Age
    5,189 Population Density (per sq. mile)
    33% College Educated
    $61,830 Estimated Median Income
    8,053 Estimated Total Home Owners
    10,979 Estimated Total Renters
    42% / 58% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    57,796 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $727,500 Median Sales Price
    24 Homes Sold
    50 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $9,500,000
        10/12/2022 6:13:23 PM Status Changed Source: Multiple Listing Service New Value: Pending
        9/8/2022 12:46:35 PM Status Changed Source: Multiple Listing Service New Value: Active
        8/24/2022 12:16:19 PM Status Changed Source: Multiple Listing Service New Value: Pending
        7/25/2022 7:02:05 PM Price Reduced Source: Multiple Listing Service New Value: $9,500,000 -4.04%
        7/5/2022 1:16:04 PM Price Reduced Source: Multiple Listing Service New Value: $9,900,000 -4.81%
        5/27/2022 2:18:00 PM New in Database Source: Multiple Listing Service New Value: $10,400,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 2:05:55 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.