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

Erik Egelko, a commercial real estate broker with SVN Vanguard’s San Diego office represented the Buyer, an undisclosed investor, in the sale of this 8 Unit Multifamily property at 4280-84 Schoolridge Lane La Mesa, CA. Closing for $1,955,000, the Buyer plans to renovate the units and stabilize at market rents.

This acquisition was the unplug in a 1031 transaction and portfolio financing was provided by MyPoint Credit Union.

For More Information: Erik Egelko | Erik.Egelko@svn.com | 805-415-1914

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