Updated Apr 29, 2026
Agee VIII, LLC Acquires 17-Unit Multifamily Property In Poway From The Kirven Trust For $5.34M
13112 Carriage Road
$5,340,000
Units
17
Asset Type
MultiFamily
Closing
Apr 28, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset known as Carriage House Apartments, situated at 13112 Carriage Road in the Poway market. This 17-unit complex, built in the 1970s, was sold for a total of $5,340,000, amounting to approximately $314,118 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,340,000
- Units: 17
- Price Per Unit: $314,118
- Buyer: Agee VIII, LLC
- Seller: The Kirven Trust
- Buyer's Representative: Jim Neil - Kidder Mathews
- Seller's Representative: Robert Vallera - Voit Real Estate Services
The acquisition was brokered by Kidder Mathews and Voit Real Estate Services. Following the purchase, Agee VIII, LLC intends to modernize the property incrementally over time.
On the Map
$5,340,000
MultiFamily
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Players
Poway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93