Thank you for sharing!

Your article was successfully shared with the contacts you provided.

EL CAJON, CA-A 28-unit apartment complex in El Cajon has been acquired for $2.8 million by a pair of Alpine, CA-based trustees.

The multifamily asset, known as Mollison El Dorado, stands at 390 S. Mollison Ave. It houses a total of 28 units.

Pamela Ruegg of the San Diego office of Hendricks & Partners acted on behalf of the buyers, Ronald L. Styn and Susan C. Styn, who are trustees of The Styn Family Trust. Ruegg also represented the seller, The Hillgren Family Trust of Rancho Santa Fe, CA.

Investment demand for San Diego multifamily product is still holding strong, with 2,878 apartment units changing hands here in the first quarter of this year, according to a Burnham Real Estate Services report. According to Burnham’s research, 265 multifamily complexes sold in the first three months of 2003, as compared with 246 in the same period last year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.