Underwriting Guide for Multifamily Properties
November 4, 2019
SOLD – 7680-84 Normal Ave – La Mesa, CA
December 4, 2019
Disclaimer: I am not an attorney and this article is not intended as a substitute for advice from the appropriate legal, zoning, financial, construction and/or tax professionals. This information is provided for educational purposes only and is made without warranties or representations
November 1st 2019 – The 12 unit multifamily apartment complex at 320 G Street in Chula Vista, CA has sold for $2,300,000. The property consists of 6 two bedroom units, 3 one bedroom units and 3 studio units. The seller was the Wassermann Family Partnership. The buyer was not disclosed.
Representing the sellers was Erik Egelko of SVN.
Representing the buyer was Carson Trujillo of Marcus and Millichap.
Escrow and title services were provided by Fidelity National Title.
Egelko commented saying, “The property had been in the family for over 70 years and the sellers decided to cash out in order to expedite their retirement.”
