www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31797981
31779446

229-45 Shady Ln, El Cajon, CA 92021

AH
CA CA 01981817
Marcus & Millichap - San Diego
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$13,900,000
44 days on market
Updated 42 days ago
Opportunity zone

Villa Capri

Details
APN 4891621200
Property Type Multifamily
Sub Type Apartment Building
Square Footage 48,150
Net Rentable (SqFt) 48,150
Units 59
Cap Rate 4.48%
NOI $622,898
Price per SqFt $289
Year Built 1969
Buildings 4
Stories 2
Acreage 1.680

Multifamily | 59 Units | $235,593/unit

Marketing description

We are pleased to present Villa Capri, a 59-unit apartment community located near the heart of Downtown El Cajon, one of San Diego County’s most active and transit- oriented Tier-2 employment hubs. Positioned just 16 miles east of Downtown San Diego, the property sits within an energetic historic district surrounded by an array of shopping and dining options, year-round entertainment, theatre, and community events. The property is comprised of twenty-four (24) one bedroom/one-bathroom, sixteen (16) two-bedroom/one-bathroom, twelve (12) two-bedroom/two-bathroom, and seven (7) three-bedroom/two-bathroom floorplans that average over 816 sq ft. Each unit is equipped with electric appliances, above-range hood vents, bypass closet doors, and select private patios and balconies.

Constructed in 1969, Villa Capri’s community amenities include a sparkling pool, landscaped courtyards, picnic and

BBQ areas, ample off-street parking, and on-site laundry facilities. The property offers efficient regional connectivity, just 0.5 miles f rom Interstate 8, 2.5 miles f rom the El Cajon Transit Center, and only steps from a major bus stop at N 2nd St & E Main. Residents enjoy convenient access to key employment destinations including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all reachable within approximately 25 minutes.

Investment highlights

  • Attractive unit mix consisting of spacious one-, two-, and three-bedroom floorplans, averaging approximately 816 sq ft.
  • Significant rental upside available through continued interior and exterior enhancement programs.
  • Upgraded property systems, electrical, common areas, and landscaping.
  • Desirable property amenities including a pool, landscaped courtyards, BBQ and picnic areas, leasing office, abundant off- street parking, and on-site laundry.
  • Consistently stronger renter demand across East County, supported by low vacancy and limited supply.
  • Prime accessibility located near Interstate 8, the El Cajon Transit Center, and key bus routes.
  • Excellent proximity to major employment hubs including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all within an efficient regional commute.

Listing Contacts

AH
CA CA 01981817
Marcus & Millichap - San Diego
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$622,898.00
$51,908.17/mo

Valuation Metrics

0
DSCR
4.48%
Cap Rate
4.48%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Austin Ray Huffman
License
CA 01981817
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591