Larry Jacobson Of Jacobson Equities Acquires Multifamily Community In Poway For $38.8M

The property asset involved in the transaction is a multifamily garden-style apartment community located at 13546 Hilleary Place, Poway, CA. The sale price was $38,800,000, translating to approximately $362,617 per unit across a total of 107 units. The asset operates within a market characterized by a high demand for rentals and limited new construction opportunities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $38,800,000
• Units: 107
• Price per Unit: $362,617
• Buyer: Larry Jacobson - Jacobson Equities
• Seller: Alfred Pace - Pacific Urban Investors
• Date of Transaction: 05/11/2026
• Market: Poway, CA

This transaction marks an important acquisition in San Diego County's multifamily sector. Larry Jacobson, representing Jacobson Equities, has entered into this deal to implement a value-add renovation strategy, leveraging the strong renter demand and favorable demographic conditions in the area, as articulated by the seller, Alfred Pace of Pacific Urban Investors.