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Value-Add 4-Unit Property with ADU Potential Sells for $1,275,000
SAN DIEGO - Californer -- Angelo La Bruna, Senior Vice President of Apartment Realty Group (ARG) represented the buyer in the sale of a 4-Unit, value-add multifamily apartment community in the Downtown Escondido area. Located at 304-320 S Grape St Escondido, CA 92025, the property was fully occupied and producing $6,365 per month at the time of the sale, and was sold to a local private investor. The unit mix consists of four (4) 1Bedroom / 1Bathroom 600 square foot units with five (5) garages and one large storage area primed for ADU's. The total building square footage was 2,350 sitting on a 8,723 square foot parcel. The final closing price was $1,275,000.
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About us:
Apartment Realty Group (ARG) Is a leading San Diego multifamily brokerage and commercial real estate firm focused exclusively on the sale and finance of multifamily investment properties. ARG is seasoned team of multifamily brokers offering best-in-class brokerage services led by 20-year industry veteran James V. Carter.
https://apartmentrealtygroup.com/
Contact
Angelo La Bruna
Senior Vice President
Angelo.LaBruna@ARG1031.com
(858) 247-1095
Contact
Angelo La Bruna
***@arg1031.com (/email-contact.htm#13022746)
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About us:
Apartment Realty Group (ARG) Is a leading San Diego multifamily brokerage and commercial real estate firm focused exclusively on the sale and finance of multifamily investment properties. ARG is seasoned team of multifamily brokers offering best-in-class brokerage services led by 20-year industry veteran James V. Carter.
https://apartmentrealtygroup.com/
Contact
Angelo La Bruna
Senior Vice President
Angelo.LaBruna@ARG1031.com
(858) 247-1095
Contact
Angelo La Bruna
***@arg1031.com (/email-contact.htm#13022746)
Source: Apartment Realty Group
Filed Under: Real Estate
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