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May 31, 2017

42-Unit Multifamily Complex Sells for $8,925,000

San Diego, Calif. (May 31, 2017) - Vista Hills Apartments have sold for $8,925,000. The 42-unit multifamily complex is located at 128 Hill Drive in Vista, California. Kidder Mathews' multifamily brokers, Eric Comer, Merrick Matricardi, Jim Neil, who recently joined Kidder Mathews from CBRE where the transaction originated, represented the buyer, Eric Kramer. Mr. Kramer is a private investor as well as owner of Structure Property Management Group and owns other apartment communities throughout Southern California. The seller was Vista Hills Apartments, LLC a San Diego based investor with Sam Williams as the managing member.

"Vista Hills has a highly desirable unit mix for the area being comprised of almost all two bedroom, two bath and three bedroom, two bath units," said Matricardi, senior vice president and partner with Kidder Mathews. "The property has more amenities than other similar sized buildings in the area with a pool, spa, playground, picnic area, laundry room, leasing office, and secured entry and parking," he said.

The Sale of Vista Hills marks only the second apartment building over 25 units in Vista to sell in 2017.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with nearly 700 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $5.6 billion in transactions, manages over 46 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.

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