340 Orlando St
El Cajon, CA 92021
$4,415,000
Northwinds Apartments is a 20-unit garden community at 340 Orlando Street in El Cajon, fully gated and built around a lush, meticulously maintained central courtyard. The property is 100% occupied with long resident tenure, averaging nearly four and a half years, and offers 18 one bedroom homes at 550 square feet and two two bedroom homes at 750 square feet, each with a private patio and generous storage. Eleven garages, nine with direct courtyard access, and ample additional gated parking serve the community. Built in 1977 and well maintained since, every unit shows in strong condition with quartz or granite countertops, and finish levels leave room for a moderate value-add program on turns. Central water heaters were replaced within the last five to six years. Gross rents sit roughly 11% below market, giving the next owner a clear path to income growth on an already stabilized asset in one of San Diego County's tightest rental submarkets.
| Listing Id: | 260018202 |
|---|---|
| List Price: | $4,700,000 |
| Close Price: | $4,415,000 |
| Close Date: | 2026-10-14 |
| Property Type: | Residential Income |
| Property Sub Type: | Com-Res Income |
| Status: | Sold |
| Bedrooms Total: | 22 |
| Bathrooms Full: | 20 |
| Living Area: | 13,162 |
| Waterfront?: | No |
| City: | El Cajon |
| County Or Parish: | San Diego |
| Postal Code: | 92021 |
| Year Built: | 0 |
| Number Of Units Total: | 20 |
| Basement: | false |
| Bathrooms Total Integer: | 20 |
| Building Area Total: | 13,162.0 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Living Area Units: | Sqft |
| Lot Size Area: | 0.57 |
| Lot Size Units: | Acres |
| MLS Area Major: | East County |
| Parcel Number: | 489-140-47 |
| Photos Change Timestamp: | 2026-07-24T21:39:36Z |
| Special Listing Conditions: | N/K |
| State Or Province: | CA |
| Stories: | 2 |
| Sdmls Area Zip: | EL CAJON (92021) |
| Sdmls Lvt Date: | 2026-07-24 |
| Original List Price: | $4,700,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Community Features: | None |
| Buyer Financing: | Cash to New Loan |
| Sdmls Internet Address: | 340 Orlando St |
| Operating Expense: | $185,644 |
| Sdmls Have: | unit |
| Sdmls Unit Rent1: | 1788 |
| Sdmls Unit Rent2: | 1717 |
| Sdmls Proj Gross Multiplier: | 10.6 |
| Sdmls Motive Want: | $ |
| Sdmls Cap Rate Projected: | 6 |
| Gross Scheduled Income: | $413,748 |
| Number Of Buildings: | 1 |
| Sdmls Numof Units1: | 2 |
| Sdmls Numof Units2: | 18 |
| Sdmls Max Search Price: | 4,415,000 |
| Sdmls Mt: | 44 |
| Sdmls Price Unit: | 235,000 |
| Sdmls Unit Rent Total1: | 3,576 |
| Sdmls Unit Rent Total2: | 30,906 |
| Sdmls Age: | 1,977 |
| Parking Total: | 33 |
| Sdmls Geo Update Timestamp: | 2026-07-24T21:39:36.5 |
| Sdmls Full Address: | 340 Orlando St |
| Sdmls Pp Insta: | https://www.propertypanorama.com/instaview/snd/260018202 |
| On Market Date: | 2026-07-24 |
Listing Courtesy of: Newmark of Southern California
Listing Agent: Erik Anderson
858-395-6935
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS.
© 2026 San Diego MLS.
San Diego MLS data last updated on October 21, 2026 08:41 AM - PT.
Property Last Updated: October 21, 2026 08:41 AM - PT
