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.