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Villa Capri Apartment Community
For Sale
$13,900,000

229 Shady Lane, El Cajon, CA 92021

59-unit apartment community near Downtown El Cajon.

Property SizeContact for details
Days on Market253

Property Features for 229 Shady Lane

General Information

Standard status Active
Property subtype Mixed Use

Amenities

3
Listing Agency: Marcus & Millichap
Listed By: Austin Huffman · License #01981817
Source: Xome
Added: Dec 20, 2025 Changed: Aug 25 Last Checked: Aug 29 at 7:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap

Investment Insights

Based on property information with market context.

Villa Capri is a 59-unit apartment community located near Downtown El Cajon. Constructed in 1969, the property is comprised of twenty-four one-bedroom/one-bathroom units, sixteen two-bedroom/one-bathroom units, twelve two-bedroom/two-bathroom units, and seven three-bedroom/two-bathroom floorplans, averaging over 816 sq ft. Each unit includes electric appliances, above-range hood vents, and bypass closet doors, with select units featuring private patios and balconies. Community amenities include a pool, landscaped courtyards, picnic and BBQ areas, ample off-street parking, and on-site laundry facilities. The property is located 16 miles east of Downtown San Diego, within a historic district near shopping, dining, entertainment, theatre, and community events. It is located 0.5 miles from Interstate 8 and 2.5 miles from the El Cajon Transit Center, with a major bus stop nearby. Residents have access to Downtown San Diego, Kearny Mesa, Mission Valley, and UTC within approximately 25 minutes.

Key Highlights

  • Located near Downtown El Cajon, enjoy convenient access to shopping, dining, entertainment, and community events.
  • Easy access to major employment centers (Downtown San Diego, Kearny Mesa, Mission Valley, UTC) within approximately 25 minutes.
  • Diverse unit mix: featuring one, two, and three‑bedroom floorplans averaging over 816 sq ft.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Travel Agency Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

989
Businesses Nearby

Demographics for 92021, CA

70,584
Population
23,360
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
28.0 sq mi
ZIP Area
2,521
Density / Sq Mi
$69,979
Median Household Income
$37,739
Median Earnings
$1,818
Median Rent
$572,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 59-unit apartment community near Downtown El Cajon.
Where is this apartment building located?
The property is located at 229 Shady Lane El Cajon, CA.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: Located near Downtown El Cajon, enjoy convenient access to shopping, dining, entertainment, and community events.; Easy access to major employment centers (Downtown San Diego, Kearny Mesa, Mission Valley, UTC) within approximately 25 minutes.; Diverse unit mix: featuring one, two, and three‑bedroom floorplans averaging over 816 sq ft.
More about this property
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