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Closed
- Listed price
- $4,600,000
- Listed Oct 12, 2020
- Sold price
- $4,368,500
- Sold Jan 8, 2021
000|11 MLS days on market
193 W Park Ave, El Cajon, CA 92020
Property Description
I am happy to present the Park Royale Apartments In The El Cajon Market of San Diego County. This property has been a well maintained family property for over 25 years and is being sold because the property recently came out of a trust. The property had over $400,000 worth of upgrades and improvements done in 2015. Built in 1973 and was renovated in 2015, the Park Royale Apartments is situated on a 24,829 SF Lot, and consists of a mix 1 bedroom, 2 bedroom/ 1 bath, 2 bedroom/2 bath, one studio currently being used as a leasing office, and a 3 bed/2 bath unit. The property features a well-maintained swimming pool and a grill that many of the tenants enjoy every weekend. The property also has 28 parking lots, with 4 shaded spots paying $40 each, and a coin laundry room onsite. A great opportunity for an investor looking to purchase a bread and butter apartment building at a low 4% cap, with high 5% cap upside in rents.
Listing agent: Jason LeeDRE #02068011lee@scc1031.com, Listing office: South Coast Commercial, Inc.
MLS data updated 10/25/2026, 1:56:25 AM PT
Source: CRMLSMLS #: 200048387
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$4,368,500
Jan 8, 2021
Available records22020–2021
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92020 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92020 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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