Multifamily
Villa Capri
229 Shady Ln, El Cajon, CA 92021
Listing Price: $13,900,000
Investment Overview
Marcus & Millichap is pleased to present Villa Capri, a 59-unit apartment
community located near the heart of Downtown El Cajon, one of San Diego County’s most active and transit oriented Tier-2 employment hubs. Positioned just 16 miles east of Downtown San Diego, the property sits within an energetic historic district surrounded by an array of shopping and dining options, year-round entertainment, theatre, and community events. The property is comprised of twenty-four (24) one-bedroom/one-bathroom, sixteen (16) two-bedroom/one-bathroom, twelve (12) two-bedroom/two-bathroom, and seven (7) three-bedroom/two-bathroom floorplans that average over 816 sq ft. Each unit is equipped with electric appliances, above-range hood vents, bypass closet doors, and select private patios and balconies.
Constructed in 1969, Villa Capri’s community amenities include a sparkling pool, landscaped courtyards, picnic and BBQ areas, ample off-street parking, and on-site laundry facilities. The property offers efficient regional connectivity, just 0.5 miles from Interstate 8, 2.5 miles from the El Cajon Transit Center, and only steps f rom a major bus stop at N 2nd St & E Main. Residents enjoy convenient access to key employment destinations including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all reachable within approximately 25 minutes.
Villa Capri benefits f rom its location in El Cajon, the fifth-largest city in San Diego County and home to the region’s highest concentration of multifamily inventory. The submarket is supported by a deep and stable renter base, helping sustain consistently low vacancy levels and strong demand for larger, more affordable units relative to coastal neighborhoods. As renter preferences continue shifting toward affordability and space, East County remains one of the most in-demand rental areas in the metro. With its central location, strong renter demand, and significant operational upside, Villa Capri represents a compelling value-add multifamily opportunity in one of San Diego County’s most resilient and consistently performing rental submarkets.
Villa Capri
Investment Highlights
- Attractive unit mix consisting of spacious one-, two-, and three-bedroom floorplans, averaging approximately 816 sq ft.
- Significant rental upside available through continued interior and exterior enhancement programs.
- Upgraded property systems, electrical, common areas, and landscaping.
- Desirable property amenities including a pool, landscaped courtyards, BBQ and picnic areas, leasing office, abundant offstreet parking, and on-site laundry.
- Consistently stronger renter demand across East County, supported by low vacancy and limited supply.
- Prime accessibility located near Interstate 8, the El Cajon Transit Center, and key bus routes.
- Excellent proximity to major employment hubs including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all within an efficient regional commute.
Exclusively Listed By
Listing Price: $13,900,000
Investment Highlights
- Attractive unit mix consisting of spacious one-, two-, and three-bedroom floorplans, averaging approximately 816 sq ft.
- Significant rental upside available through continued interior and exterior enhancement programs.
- Upgraded property systems, electrical, common areas, and landscaping.
- Desirable property amenities including a pool, landscaped courtyards, BBQ and picnic areas, leasing office, abundant offstreet parking, and on-site laundry.
- Consistently stronger renter demand across East County, supported by low vacancy and limited supply.
- Prime accessibility located near Interstate 8, the El Cajon Transit Center, and key bus routes.
- Excellent proximity to major employment hubs including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all within an efficient regional commute.
Investment Overview
Marcus & Millichap is pleased to present Villa Capri, a 59-unit apartment community located near the heart of Downtown El Cajon, one of San Diego County’s most active and transit oriented Tier-2 employment hubs. Positioned just 16 miles east of Downtown San Diego, the property sits within an energetic historic district surrounded by an array of shopping and dining options, year-round entertainment, theatre, and community events. The property is comprised of twenty-four (24) one-bedroom/one-bathroom, sixteen (16) two-bedroom/one-bathroom, twelve (12) two-bedroom/two-bathroom, and seven (7) three-bedroom/two-bathroom floorplans that average over 816 sq ft. Each unit is equipped with electric appliances, above-range hood vents, bypass closet doors, and select private patios and balconies. Constructed in 1969, Villa Capri’s community amenities include a sparkling pool, landscaped courtyards, picnic and BBQ areas, ample off-street parking, and on-site laundry facilities. The property offers efficient regional connectivity, just 0.5 miles from Interstate 8, 2.5 miles from the El Cajon Transit Center, and only steps f rom a major bus stop at N 2nd St & E Main. Residents enjoy convenient access to key employment destinations including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all reachable within approximately 25 minutes. Villa Capri benefits f rom its location in El Cajon, the fifth-largest city in San Diego County and home to the region’s highest concentration of multifamily inventory. The submarket is supported by a deep and stable renter base, helping sustain consistently low vacancy levels and strong demand for larger, more affordable units relative to coastal neighborhoods. As renter preferences continue shifting toward affordability and space, East County remains one of the most in-demand rental areas in the metro. With its central location, strong renter demand, and significant operational upside, Villa Capri represents a compelling value-add multifamily opportunity in one of San Diego County’s most resilient and consistently performing rental submarkets.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
