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Apartment complex on Los Coches in El Cajon sold

The 33-unit Willow Creek Apartment Homes complex at 8410 Los Coches Road, El Cajon 92021, has been sold for $4,275,000.

The buyer was Willow Creek Partners, LLC, a California limited liability company, 7 Long Bay Drive, Newport Beach 92660. The managing members of Willow Creek are John Reinhardt and Gordon E. Reese.

The acquisition was financed with a loan of $3.15 million from Opus Bank.

The sellers of the property (assessor's parcel 400-380-25) were Bradley P. and Lori R. Jones.

The 33,096-square-foot apartment was constructed in 1987 on a 1.11-acre lot. The apartments consist of 12 two-bedroom/two-bathroom units of approximately 900 square feet and 21 three-bedroom/two-bathroom units of approximately 1,100 square feet.

Units include balconies, patios, washers and dryers. The property includes a swimming pool, spa and BBQ area, storage and elevator service.

The three-story property was sold in May 2004 for $4.6 million, with financing of $3.45 from Luther Burbank Savings.

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