Updated Oct 14, 2026
Amber Creek Associates LTD And Rosewood Associates LTD Sell Multifamily Properties In Fallbrook For $36.65M
923 Alturas Road & 338 Ammunition Road
$36,650,000
Units
206
Asset Type
MultiFamily
Closing
Oct 12, 2026
About this deal
AI
The transaction involved the sale of two multifamily properties located at 923 Alturas Road and 338 Ammunition Road in Fallbrook, California. The total sale price for these assets was $36,650,000, encompassing 206 units, which resulted in an average price per unit of $177,913.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,650,000
- Address: 923 Alturas Road & 338 Ammunition Road
- Market: Fallbrook, CA
- Units: 206
- Price Per Unit: $177,913
- Seller: Amber Creek Associates LTD & Rosewood Associates LTD
- Brokers: Shane Shafer & Brian Anderson - Colliers
Amber Creek Associates LTD sold the 133-unit Amberwood Apartments for $24.25 million, while Rosewood Associates LTD sold the 73-unit Rosewood Apartments for $12.4 million. Colliers’ Shane Shafer and Brian Anderson represented both sellers in this transaction, with the identity of the buyers not disclosed.
On the Map
$36,650,000
MultiFamily
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Players
Shawnee 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93