December 12, 2016
San Diego-based Block Builders Investment Group acquired Boulder Ridge Villas, a multifamily asset in Ramona, CA from San Diego-based Boulder Ridge Villas, LLC, an affiliate of KirE Builders, Inc., for $3.6 million.
The property is a rental community comprised of 11 large townhome style rentals built in 2008. The average unit size is 1,705 square feet, each with a large three-bedroom floor plan with direct access to a two-car garage. Interior amenities include granite counter tops, dual-sink vanities in master baths, walk-in closets, and full size washer/dryers.
The property has a recorded Final Map for condos, allowing an investor to sell the units individually in the future.
CBRE’s Jim Neil, Eric Comer, and Merrick Matricardi represented the seller. Marcus & Millichap’s Raymond Choi and Carson Trujillo advised the buyer.
For comments, questions or concerns, please contact Dennis Kaiser