Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, have brokered the sale of 417 Claydelle Avenue, an 8-unit apartment property located in El Cajon.
The asset sold for $1,660,000.
Cole Silverman and Carson Trujillo, multifamily investment specialists in Marcus & Millichap’s Downtown San Diego office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.
The 1031 exchange cash buyer, a private investor, was procured by Silverman and Trujillo.
417 Claydelle Ave is comprised of six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units. Constructed in 1963, this property rests on an approximate 8,673 square-foot lot and has 4,512 of rentable square feet.