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6/02/17
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Vista Hills Apartments, a 42-unit multifamily property in Vista, has sold for $8.9 mil ($212k/unit). The property, located at 128 Hill Dr, west of Melrose Dr and just north of Hwy 78, was purchased by Eric Kramer, a private investor as well as owner of Structure Property Management Group.
Vista Hills is comprised of almost all two-bedroom/two-bath and three-bedroom/two-bath units. Amenities include a pool, spa, playground, picnic area, laundry room, leasing office, and secured entry and parking.
Kidder Mathews’ Eric Comer, Merrick Matricardi and Jim Neil, who recently joined from CBRE where the transaction originated, represented the buyer in the deal. The seller was Vista Hills Apartments LLC, a San Diego-based investor with Sam Williams as the managing member. The Sale of Vista Hills marks only the second apartment building over 25 units in Vista to sell in 2017.
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