Apartment Realty Group Brokers Sale of Hilltop Townhome Apartments in San Diego for $5.575 Million

SAN DIEGO, CA – The Hilltop Townhome Apartments, a twenty-four (24) unit San Diego apartment complex located at 3601 Hilltop Dr. Lemon Grove, CA 91945 in the East County submarket of San Diego has been sold for $5.575 million. The buyer, a San Diego-based private investor was executing a 1031 exchange according to the James Carter, Senior Managing Partner of the brokerage firm Apartment Realty Group (ARG)

Jake Schiro, Senior Investment Associate of Apartment Realty Group (ARG) negotiated the transaction. The unit mix consists of twelve (12) 3 bedroom / 1.5 bath units and twelve (12) 2 bedroom / 1.5 bath units. The property is comprised of 6 buildings on a hillside with ample parking.  The property 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 this value-add apartment complex.

Jake Schiro, Senior Investment Associate (858) 284-8063 | Jake.Schiro@ARG1031.com

Apartment Realty Group (ARG) is a leading San Diego commercial real estate brokerage firm focused exclusively on the sale and finance of multifamily investment properties. We are comprised of a seasoned team of multifamily advisors with a track record of providing value-added brokerage services. Our specialized platform offers a unique blend of teamwork and experience allowing us to deliver customized investment real estate solutions.