Updated Sep 16, 2025
Mark Gleiberman Of MG Properties Sells Canyon Villa Apartments In Chula Vista For $73.75M
601 Telegraph Canyon Road
$73,750,000
Units
183
Asset Type
MultiFamily
Closing
Sep 12, 2025
About this deal
AI
The Canyon Villa Apartments, a multifamily asset consisting of 183 units, is located at 601 Telegraph Canyon Road in Chula Vista. The complex was sold for $73.75 million, translating to approximately $403,005 per unit. Originally built in 1981, the property was acquired by MG Properties in 2016 for $45.5 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,750,000
- Units: 183
- Price Per Unit: $403,005
- Seller: Mark Gleiberman - MG Properties
- Broker: Northmarq
Mark Gleiberman represented MG Properties in the sale of the property. Northmarq acted as the broker for this transaction. The buyer in this deal remains undisclosed.
On the Map
$73,750,000
MultiFamily
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Chula Vista 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93