Stos Partners And Apartment Worth Sell 14-Unit Complex In Escondido For $7.9M

The transaction involved a sale of a multifamily asset featuring a 14-unit townhome complex located at 938 North Fig Street in Escondido. The sale price of the property was $7.9 million, equating to a price per unit of $564,286. Each unit consists of three bedrooms and two and a half bathrooms, and the property has undergone extensive renovations prior to the sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,900,000
• Units: 14
• Price per Unit: $564,286
• Address: 938 North Fig Street
• Market: Escondido
• Seller: CJ Stos - Stos Partners; Apartment Worth
• Broker: Corey McHenry & Peter Scepanovic - Colliers

Stos Partners collaborated with Apartment Worth and an institutional investor for this transaction. The marketing of the property was managed by brokers Peter Scepanovic and Corey McHenry from Colliers, who achieved the highest price per unit in the past year along the SR-78 corridor.