An apartment building at 310 Linda Way in El Cajon has been sold for $4.95 million, a brokerage announced.
The sale marked the third‑largest multifamily transaction in East San Diego County so far this year, according to the broker, Marcus & Millichap.
Built in 1970, the 21‑unit Linda Gardens Apartments includes one‑bedroom and one‑bath units, off‑street parking, private garages, on‑site laundry and a swimming pool.
Recent capital improvements include a new roof on the east building and upgraded electrical systems.
“This transaction highlights the enduring strength and investor confidence in East County’s multifamily market,” ” said Christopher Zorbas, executive managing director with the Zorbas Huffman Group at Marcus & Millichap’s San Diego Del Mar office.
Zorbas and Austin Ray Huffman, senior director at the firm’s San Diego Del Mar office, represented the seller, a private family trust. Graeme Henderson, director, investments at Marcus & Millichap’s San Diego Del Mar office, procured the buyer, Mendridge LLC.
“El Cajon continues to attract attention for its strong rental demand, strategic location near major job centers and growing appeal as an affordable alternative within the greater San Diego region,” Huffman said.
Marcus & Millichap (NYSE: MMI) is a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services.
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