Stos Partners And Apartment Worth Sell 14-Unit Multifamily At 938 North Fig Street For $7.9M

The 14-unit multifamily property located at 938 North Fig Street in Escondido was sold for $7,900,000. This sale marks the highest price-per-unit in the SR-78 corridor this year, with a price per unit of $564,286. The seller acquired the property in 2022 for $4,300,000 after extensive renovations were made to the townhomes, leading to strong returns in the current market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,900,000
• Units: 14
• Price Per Unit: $564,286
• Seller: CJ Stos & Jay Boyle - Stos Partners; Cannon Christian - Apartment Worth
• Brokers: Corey McHenry & Peter Scepanovic - Colliers

The transaction showcases the partnership's value-add strategy and reflects the successful execution of their investment plans, resulting in significant appreciation in the property's value since its original purchase.