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November 12, 2019
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SOUTHERN CALIFORNIA NEWS
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Apartment Property in Spring Valley Gets New Owner in $6 Mil Deal

8/30/19

A 28-unit multifamily complex in Spring Valley sold for $6 mil, or $214k/unit. The 27.4k sf property sits on a 43.6k sf lot at 9109 Kenwood Dr, east of Hwy 125 and south of Hwy 94.

Built in 1985, the property consists of 27 two-bedroom/two-bath units and one two-bedroom/one-bath unit. The property includes over 40 parking spaces and onsite laundry. There is rent upside potential by making additional upgrades to the property.

The buyer, The Chasin Coleman Trust, out of San Diego, was represented by Terry Moore, CCIM, of ACI. Moore has represented the buyer on multiple transactions. The seller, also from San Diego, Kenwood LLC, was repped by Jeff Goodall Jr. of Berkshire Hathaway.






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