South Coast Commercial is pleased to present 1219 Persimmon Avenue, a charming 46-unit multifamily community located in El Cajon, California. Built in 1990, this well-maintained asset consists of (45) 516 SF one-bedroom/one-bath units and (1) 600 SF one-bedroom/one-bath permitted ADU. All second-floor units feature taller vaulted ceilings for a spacious, open feel. A buyer may have the ability to assume the current debt at a 3.5% interest-only rate (contact brokers for details; must be a qualified borrower and subject to approval by the current noteholder).

This asset presents significant rental upside and is extremely easy to manage given the current tenant profile. The property is restricted to senior tenants (62+), with no income-related restrictions currently in place. Demand for senior housing is growing rapidly as the aging population increases while the construction pipeline for new senior housing remains limited — adding to long-term demand.