July 20, 2017 Comments Off on 65-Unit MF Community Sold for $18M Views: 977 California News, San Diego

65-Unit MF Community Sold for $18M

Early Bird Alert: Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.

Pacific Urban Residential divested Vue at Lake Murray, a 65-unit multifamily community in San Diego for $18 million to an undisclosed buyer. Kidder Mathews’ Jim Neil, Eric Comer and Merrick Matricardi represented the seller.

Located at 6867 Golfcrest Dr., the property has resort-like amenities including a clubhouse, swimming pool, and fitness center. It is near Lake Murray, located in Mission Trails Regional Park. The location also provides convenient access to the 52 Freeway, State Route 125, and Interstate 8, and it is 13 miles from downtown San Diego.

Built in 1970, Vue at Lake Murray underwent major renovations to the exterior and 49 of the units in 2010 and 2016. Leasing activity at the property indicates a value-add opportunity with continued renovations to the remaining 16 units.

Read more at Kidder Mathews

Connect With Kidder Mathews’ Neil

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.