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November 20, 2019
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SOUTHERN CALIFORNIA NEWS
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Value-Add Res Property in San Diego Goes for $232k/Unit

5/01/19

The Hilltop Townhome Apartments, a 24-unit apartment complex in San Diego, has sold for $5.575 mil, or $232.3k/unit. The property, located at 3601 Hilltop Dr in Lemon Grove, is viewed as a value-add buy.

The property is comprised of six buildings on a hillside with ample parking. The unit mix consists of 12 three-bedroom / 1.5-bath units and 12 two-bedroom / 1.5-bath units.

Hilltop is conveniently located close to the 94 and 125 freeways as well as the Lemon Grove Trolley Depot. The buyer plans on making significant upgrades to the apartment complex.

Jake Schiro of Apartment Realty Group (ARG) exclusively represented the buyer, a San Diego-based private investor in the transaction.





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