Escondido apartment sold for $1.07 million
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.