Story by South Coast Commercial
September 26, 2014
The 10-unit apartment, at 1139 E. 2nd Ave. in Escondido 92025, has been sold for $1.07 million, cash.
The buyers were Roberto P. Walz and Minerva Walz, trustees of the Walz Family Trust, 9252 Chesapeake Drive, Suite 200, San Diego 92123.
The sellers of the property (assessor’s parcel 230-342-17) were Artemio P. Puedan and Flora O. Puedan, trustees for the Puedan Family Trust.
Seth R. Watje, senior associate, South Coast Commercial Inc., represented the buyers and sellers.
The approximately 7,124-square-foot apartment consists of six two-bedroom/one bath units and four one-bedroom units. The 13,939-square-foot lot also includes 10 garages.
The property was sold for a 7 percent cap and 9.5 GRM.
3968-74 Oregon Street San Diego
CA 92104
2,834ft | 4 Units | $2,200,000
726 E Grand Ave
Escondido, CA 92025
6,130ft | $2,350,000
1852 Ivy Rd
Oceanside, CA 92054
$1,750,000
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3405 Kenyon St #411,
San Diego, CA 92110
(619) 226-6011
info@scc1031.com
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