Commercial Asset Advisors Facilitates $12 Million Multifamily Acquisition in El Cajon, CA

EL CAJON (San Diego), CA (December 3, 2025) – Commercial Asset Advisors (CAA) is pleased to announce the successful acquisition of a turnkey multifamily asset located at 215 S. Lincoln Avenue in El Cajon, CA 92020. The 40-unit property traded hands on November 12, 2025, for $12,000,000, equating to $300,000 per unit.

Representing the buyer, CAA's Maxwell Brown, Senior Vice President – Multifamily Investment Sales. The seller was represented by Dave Plutner of DP Properties.

"215 S. Lincoln was an incredibly attractive offering in terms of asset quality, scale, and return profile," said Maxwell Brown. "The property generated multiple competing offers, but due to strong agent relationships and a proven track record between both parties, we secured an escrow within days of initial negotiations. The buyer, one of our trusted repeat clients, sought a high-quality, scalable asset with meaningful tax advantages to further strengthen portfolio returns and long-term ROE."

Built in 1986 and meticulously maintained, the asset offers a 100% two-bedroom unit mix, with approximately 40% of the units configured as two-story townhomes. Desirable amenities include multiple garages, private yards, and a layout conducive to long-term tenant retention.

At close, the property delivered a 5.5% in-place cap rate, with a projected Year-1 cap rate of 6.25%, making it a strong fit for private capital investors seeking yield and stability.

CAA continues to demonstrate its commitment to client success by identifying quality assets that align with investor goals and long-term growth strategies.

For more information, or to request a complimentary property assessment, contact:

Maxwell Brown | Senior Vice President – Multifamily Investment Sales max@caacre.com | DRE Lic. # 02127395

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About Commercial Asset Advisors

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.