La Caze Development Sells 15-Unit Grandview Escondido Multifamily For $7.23M With Newmark Representing Seller

The 15-unit Grandview Escondido multifamily property, located at 1316 East Grand Avenue in the Escondido market, was sold for $7,225,000. The property spans a total of 13,421 square feet, resulting in a price per unit of $481,667 and a price per square foot of $538.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,225,000
• Units: 15
• Square Footage: 13,421
• Price Per Unit: $481,667
• Price Per Square Foot: $538
• Seller: La Caze Development
• Buyer's Representative: Andy Brikho - Brik Home Loans
• Seller's Representatives: Erik Anderson & Tanner Harris - Newmark

La Caze Development executed the sale through representatives Erik Anderson and Tanner Harris from Newmark, while the buyer was represented by Andy Brikho from Brik Home Loans. This transaction marked the second-highest price per unit ever recorded in Escondido.