The transaction involved an apartment building located at 1015 E Ohio Ave, Escondido, CA, 92025, within the Escondido market. The property was sold for $3,400,000.00 and encompasses a total area of 9,472 square feet. This recently renovated building includes 15 one-bedroom/one-bath units. Upgrades to the property feature new windows, fencing, paint, landscaping, and light fixtures, while the unit interiors showcase enhanced plank flooring, recessed lighting, modern kitchens, luxury gas ranges, updated bathrooms, mirrored closet doors, and designer two-tone interior paint.

Summary of transaction details:

• Property Type: Apartment Building
• Transaction Amount: $3,400,000.00
• Address: 1015 E Ohio Ave, Escondido, CA, 92025
• Market: Escondido
• Buyer: Hama Investments
• Seller: Cunningham Family Trust
• Buyer's Representative: Corey McHenry - Colliers International
• Seller's Representative: Ray Adams - Cushman & Wakefield

Peter Scepanovic and Corey McHenry from Colliers International San Diego Region’s Multifamily Advisory team were involved in representing Hama Investments, the buyer in this transaction, contributing their expertise to facilitate the deal. Ray Adams represented the Cunningham Family Trust, the seller, ensuring all aspects of the sale were effectively managed.