650 Mollison AveEl Cajon, CA 92021

Property Details for 650 Mollison Ave

Year built

1977

Lot size

1.75 AC

Property size (Sq ft)

19,982 SF

Zone code

COMMERCIAL

Property type

Hotels

Property subtype

Motels

APN

484-321-09-00

APU

4843210900

Description

This exceptional investment opportunity presents two Class B hotels totaling 97+ rooms and approximately 38,261 square feet. Located in El Cajon, CA, on two contiguous parcels totaling over two acres, these properties boast a prime location with convenient Interstate 8 freeway access. Originally built in 1977 and 1989, the hotels have undergone significant renovations and currently operate under the Quality Inn brand. Amenities include free Wi-Fi, parking, hot breakfast, guest laundry, fitness center, business center, on-site marketplace, outdoor pool, and hot tub. Spacious suites feature refrigerators, flat-screen TVs, and stone-tiled bathrooms; select suites offer fully equipped kitchens. The strategic location offers guests easy access to numerous San Diego attractions, including downtown San Diego (20 minutes away), Sycuan Casino Resort, San Diego State University, Lake Jennings, and local parks. This multi-tenant property presents a compelling value-add opportunity for discerning investors. The properties are situated at 650 N Mollison Ave and 850 Sandalwood Dr, El Cajon, CA 92021, with APNs 484-321-09-00 and 484-321-11-00. The combined lot size ranges from 23,036 to 76,230 square feet, and the buildings comprise three stories. This is a rare chance to acquire a well-established hospitality asset with significant upside potential in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,041,976

  6.5%

  $4,654,131

  7%

  $4,321,693

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,728,140

  Geo Method

  $16,527,702

• Alternative Use

  Use

  Valuation

  Residential

  $5,080,959

  Hospitality

  $4,654,131

  Educational

  $3,872,182

  Medical

  $4,005,353

  Retail

  $6,023,395

Location Insight

City

El Cajon

County

San Diego

State

California

Latitude

32.8037

Longitude

-116.952

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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