A 24-unit apartment building in East County has been sold for $6 million, according to a real estate brokerage.
The seller, a family trust, was represented by Graeme Henderson, a senior investment associate in Marcus & Millichap’s San Diego Del Mar office. The buyer, 7 Mendridge, LLC, was also procured by Henderson.
The property, at 458 Ballantyne St. in El Cajon, is comprised of two-bedroom/one-bath units that average 760 square feet.
Amenities include ample off-street parking, laundry facilities and a private interior courtyard. The new owner plans on renovating both the interior and exterior of the property.
Marcus & Millichap (NYSE: MMI), a commercial real estate brokerage firm, specializes in investment sales, financing, research and advisory services.
