The 11-unit apartment complex, at 288 Orlando St. in El Cajon 92021, has been sold for $1.2 million, or approximately $109,091-per-unit.
The buyer was Patrick J. Weisenberger, trustee of the Patrick J. Weisenberger Trust, 28518 Tulita Lane, Menifee 82584.
The acquisition was financed with a $600,000 loan from JPMorgan Chase Bank (NYSE: JPM).
The seller of the property (assessor's parcel 489-140-51) was OEC Property LLC, a California limited liability company, with Sean Deitch as president, CEO and managing member.
Peter Scepanovic and Corey McHenry, of Colliers International represented the seller. The buyer was represented by Joe Siemienowski, of Siemienowski & Associates.
The gated complex was constructed in 1978 and consists of 10 two-bedroom, one-bath units and one three-bedroom, two-bath unit.
Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.
SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.
All contents herein copyright San Diego Source ® 1994-2016