03 Jun San Diego Apartment Buildings Sold Report May 2019

22 total apartment buildings sold in the month of May 2019 (30 in April, 12 in March), in San Diego County, 5 to 200 units, totaling $74,390,000 in sales volume ($102.7M in April; $43M in March).

The median cap rate was 4.36% in May (4.61% in April; 4.38% in March), median GRM was 15.90 in May (13.00 in April, 12.83 in March), median price per unit was $217,206 in May ($247,188 in April; $222,728 in March) and median price per foot was $315 in May ($283 in April, $323 in March).
See below for the report for apartment buildings sold in San Diego County for May 2019.

Contact Eric von Bluecher today for a complimentary valuation or consultation of your apartment portfolio at eric@sdmultifamily.com or 858-771-2559. Drop-in appointments available at my office on Del Mar Heights Road and I-5, call or email to schedule.

Data Source: CoStar

Annual Key Metrics for San Diego County Multifamily Apartment Buildings

Apartment Buildings Sold: 117 in 2019; 329 in ’18, 371 in ’17, 399 in ’16, 374 in ’15
Sales Volume: $474M in 2019; $1.17B in ’18; $1.21B in ’17; $1.23B in ’16; $1.16B in ’15
Median $/Unit: $228k in 2019; $223k in ’18; $205k in ’17; $186k in ’16; $167k in ’15
Median $/SF: $312 in 2019; $317 in ’18; $286 in ’17; $257 in ’16; $224 in ’15
Median Cap Rate: 4.38% in 2019; 4.34 in ’18; 4.41 in ’17; 4.78 in ’16; 4.89 in ’15
Median GRM: 13.53 in 2019; 14.20 in ’18; 13.70 in ’17; 13.12 in ’16; 12.60 in ’15

Eric von Bluecher
Keller Williams Commercial | DirectorMultifamily Advisory and Brokerage

• Consultations
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• Brokerage

D: 858-771-2559
eric@sdmultifamily.com
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