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MULTIFAMILY NEWS
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San Diego Multifamily Comp Works Out to $136k/Unit

9/04/14

The Windsong Apartments, a 29-unit multifamily property in the Rolando/SDSU neighborhood of San Diego, has been sold for $3.95 mil, or about $136k/unit. Built in 1962, the Windsong Apartments is located at 4601 63rd St, east of College Ave and south of El Cajon Blvd.

The Windsong Apartments offers tenants on-site parking, communal laundry room, sparkling pool, gated entry, and balconies or patios. The complex consists of 12 one-bedroom / one-bath units and 17 two-bedroom / two-bath units, some of which are townhome-style units.

Dave Savage of ACI Apartments represented the buyer, Matthew Rattner, and the seller, Rodney Johnson, in the transaction. The property was 98% occupied at time of sale.





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