El Cajon strip mall sells for $2.4 million

by Rick Griffin

A property that includes a single-family house and a strip mall at 518-554 E. Main St. in El Cajon 92020, has been sold for $2.4 million. The buyers were Raphael Ablahad and Bedria Gurgis as trustees of the Raphael Ablahad and Bedria Gurgis Trust, 3180 Vista Diego Road, Jamul 91935. The acquisition was financed with a loan of $1,732,500 from Vibra Bank. The sellers of the property (assessor’s parcels 488-112-22, 23 and 43) were J & J Properties A LLC (60 percent) and Ralph Burni as trustee of a trust (40 percent). Ralph and Luz Burni are the members of J & J. The property includes a 1,395-square-foot, four bedroom/two bath house at 522 E. Main and 16,380 square feet of strip retail space at 518-554 E. Main. The improvements occupy a total of 1.95 acres. The property was sold in September 2004 for $1.95 million.