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East County Units Transfer

28-Unit Complex Go for $2.775
By Randy Evans
August 25, 2003 | 2:19 P.M.

An investment partnership called Carisbrooke Apartment LLC purchased the 28-unit Carisbrooke Apts. at 382 S. Anza St. in El Cajon, CA, for $2.775 million. The new owner paid approximately $99,100 for each apartment and purchased it at a 6.2% cap rate. The 28-unit project was built in 1977 and offers air conditioning and disposals in each unit. Ari Schauder of Epic One Real Estate represented the buyer. Peter Scepanovic of Colliers International represented the seller, West Park Associates LLC (c/o Jonathan & Sylvia D. Lampitt).

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News | East County Units Transfer