El Cajon, CA – January 25, 2022 - Lee & Associates Multifamily Advisory Group (MAG) and Eric von Bluecher just completed the sale of 38 Units in El Cajon. The property was well maintained and featured 16, two bed, one bath units, 16, one bed, one bath units, six studios, 31 parking spaces, community pool and laundry room. Eric von Bluecher and the Lee & Associates Marketing Team executed full marketing on the property, generated multiple offers from both brokers and principals, and closed $500,000 over asking at $9,000,000, $236,842/unit and $345/foot, the highest price per foot for 16-100 units sold in El Cajon in the past 12 months. Eric von Bluecher represented both the Seller, The Ivicevic Trust and the Buyer, Park Villa Community Partners, LP. The buyer plans on making both exterior and interior renovations for a long-term hold.