Press Releases
Marcus & Millichap Arranges $13.25M Sale of 59-Unit Multifamily Property in El Cajon, California
September 22, 2026
EL CAJON, Calif., Sept. 22, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 229 Shady Lane, a 59-unit multifamily property located in El Cajon, California. The asset sold for $13.25 million or $224,576 per unit.
"Value-add apartment communities in East County San Diego continue to attract investor interest because of strong renter demand, limited housing supply and opportunities to improve operations over time," said Austin Huffman, senior director investments. "Villa Capri offered an attractive combination of spacious floor plans, upgraded property systems and meaningful rental upside, making it a compelling acquisition for an investor seeking long-term value."
Huffman and Christopher Zorbas, investment specialists in Marcus & Millichap’s San Diego office, represented the seller, Mary Susan Curry 2020 Revocable Living Trust, and procured the buyer, TFT Capital I.
Built in 1969, Villa Capri is a 59-unit apartment community situated on a 1.68-acre parcel at 229 Shady Lane in El Cajon. The 48,150-square-foot property includes 24 one-bedroom, one-bath units, 16 two-bedroom, one-bath units, 12 two-bedroom, two-bath units and seven three-bedroom, two-bath units. Community amenities include a swimming pool, landscaped courtyards, barbecue and picnic areas, on-site laundry facilities and off-street parking. Recent improvements include upgrades to the property's systems, electrical infrastructure, common areas and landscaping. Located near Interstate 8, the El Cajon Transit Center and major employment centers throughout San Diego County, the property offers convenient regional access. The buyer plans to renovate the property to enhance its long-term value.
"Value-add apartment communities in East County San Diego continue to attract investor interest because of strong renter demand, limited housing supply and opportunities to improve operations over time," said Austin Huffman, senior director investments. "Villa Capri offered an attractive combination of spacious floor plans, upgraded property systems and meaningful rental upside, making it a compelling acquisition for an investor seeking long-term value."
Huffman and Christopher Zorbas, investment specialists in Marcus & Millichap’s San Diego office, represented the seller, Mary Susan Curry 2020 Revocable Living Trust, and procured the buyer, TFT Capital I.
Built in 1969, Villa Capri is a 59-unit apartment community situated on a 1.68-acre parcel at 229 Shady Lane in El Cajon. The 48,150-square-foot property includes 24 one-bedroom, one-bath units, 16 two-bedroom, one-bath units, 12 two-bedroom, two-bath units and seven three-bedroom, two-bath units. Community amenities include a swimming pool, landscaped courtyards, barbecue and picnic areas, on-site laundry facilities and off-street parking. Recent improvements include upgrades to the property's systems, electrical infrastructure, common areas and landscaping. Located near Interstate 8, the El Cajon Transit Center and major employment centers throughout San Diego County, the property offers convenient regional access. The buyer plans to renovate the property to enhance its long-term value.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
