Westbrook Manor, the 31-unit apartment complex at 379 Orlando St. in El Cajon 92021, has been sold for $2.9 million in an off-market transaction.
The buyers were Richard Trumbull and Sylvia Trumbull, trustees of the Richard and Sylvia Trumbull Revocable Inter Vivos Trust, 11449 Meadow Creek Road, La Mesa 91941. The acquisition was financed with a loan of $1,675,000 from JPMorgan Chase Bank (NYSE: JPM). The apartment was 100 percent leased at the time of sale. The seller of the property (assessor's parcel 489-161-17) was Westbrook Manor LLC, with Knight 100 LLC, as general manager. Samuel B. Williams is the manager of Knight 100.
Eric Comer, Jim Neil and Merrick Matricardi, of CBRE (NYSE: CBG), represented the buyer. Sam Williams, of Brycorp Properties represented the seller.
Built in 1973 on a 29,621-square-foot lot, the two-story, 21,560-square-foot complex consists of 25 one-bedroom and six two-bedroom units. The property features a swimming pool, laundry facility and patios on select units. CBRE sold the property to Westbrook Manor in 2007 for $2.7 million.