San Diego Apartment Buildings Sold March 2019

Twelve total apartment buildings sold from 3/1/18 to 3/31/19 in the San Diego County, 5 to 100 units, totaling $43,062,700 in sales volume.

Apartment buildings sold within San Diego County in the San Diego, Oceanside, Coronado, El Cajon, La Mesa and National City. The median cap rate was 4.38%, median GRM was 12.83, median price per unit $222,728 and median price per foot was $323.

See below for the report for apartment buildings sold in San Diego County for March 2019.

Contact Eric von Bluecher for a complimentary valuation of your apartment portfolio at eric@sdmultifamily.com or 858-771-2559.

San Diego County Apartment Buildings Sold March 2019

Key Metrics for San Diego County Multifamily Apartment Buildings

Vacancy Rate – 4.5%
Under Construction Units – 8,716
12 Month Delivered Units – 3,949

Rents
Studio – $1,438
1 Bed – $1,582
2 Bed – $1,911
3 Bed – $2,364

Sales
12 Month Apartment Buildings Sold – 510 (down 20%)
Market Sale Price/Unit – $302,000 (up 6%)
Average Market Sales Price – $7,500,000 (up 6%)
12 Month Sales Volume – $2,400,000,000 (down 18%)
Market Cap Rate – 4.6% (down 4%)



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evb@lee-associates.com

1902 Wright Place, Suite 180
Carlsbad, CA 92008, USA

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