The Woods Apartments

Offering Memorandum

The Woods Apartments

480 Jamacha Rd

El Cajon, 92019

Property Overview

  • Property Name: The Woods Apartments
  • Location: 480 Jamacha Rd, El Cajon, CA 92019
  • Property Type: Multifamily
  • Number of Units: 32
  • Year Built: 1977
  • Building Size: 29,200 SF
  • Parcel Size: 1.32 Acres
  • APN: 511-260-70-00

Key Investment Features

  • Strong Cap Rate: Probable 5+% Cap Rate, ensuring solid returns on investment.
  • Desirable Unit Mix: All 32 units are spacious 2BR/2BA, each 912 sqft.
  • Modern Amenities:
    • Swimming pool
    • 29 carports plus 23 extra parking spots
    • Laundry facilities
    • Full and mature landscaping
  • Unit Features:
    • Patios and balconies for each unit
    • Oversized closets
    • Air conditioning

Location Advantages

  • Prime Neighborhood: Situated in the sought-after Granite Hills area of El Cajon.
  • Connectivity: Easy access to the 8 and 94 freeways, close to Rancho San Diego masterplan community.
  • Employment Hubs: Proximate to sustainable employment centers, ensuring high rental demand.

Financial Highlights

  • Collected Revenue: $969,840 annually
  • Expenses: $316,395 annually
  • Net Operating Income (NOI): $522,306 annually
  • Potential for Growth: Current average rent is $2,100 with room for increase, particularly highlighted by the highest current rent at $2,726 and top average rents between $2,500 – $2,600 for 5 units.

Contact Information


Disclaimer: Information provided is believed to be reliable, but not guaranteed. All figures should be independently verified. The property is subject to change in price, terms, prior sale, or withdrawal without notice.