El Cajon apartment complex sold for $11.5 million

June 17, 2024 – Our town took a magical trip down memory lane today. The Model T Ford Club of America rolled into town for their 2024 National Tour. 

Dozens of these magnificent Model T’s lined our streets. It felt like stepping back in time.

The visitors took a stroll through our town’s rich history, from the old Lakeside Inn, the Auto Speedway route, made famous by racing legend Barney Oldfield, to our charming historic buildings and homes.

The Lakeside Historical Society opened their doors, welcoming everyone to explore the chapel, museum, Gift Shop, and the Speedway monument. It was a little slice of the past brought back to life.

Their visit was short, but the memories will last a lifetime. A huge thank you to the Model T Ford Club of America for stopping by and making the day in our hometown so special.

A 79-unit, garden-style apartment community on Lexington Avenue in El Cajon has been sold for $11,500,000, or $145,570 per unit. The seller was Cabrillo Knolls LP of R&V Management of San Diego. The buyer was 800 East Lexington LP of La Mesa.
The transaction was negotiated by Steve Huffman of the San Diego office of Hendricks & Partners. Escrow and title services were provided by Toby MacFarlane of Title 365. Built in 1987, Lexington offers two- and three-bedroom floor plans averaging 881 square feet. The unit mix consists of 73 two-bedroom apartments and six three-bedroom rentals.