The sellers in the Deal of the Week were represented by Chris Siedenburg, of ACI Apartments.
The deal was the sale of Escondido Manor, the 44-unit apartment complex at 1150 N. Escondido Blvd., Escondido, for $6.6 million.
The buyer was UHC 00670 Escondido L.P., c/o Urban Housing Communities LLC of Santa Ana.
Financing consisted of $6.14 million from the California Statewide Communities Development Authority, and loans of $2.6 million and $1.5 million from the city of Escondido.
The sellers were Steven F. T. and Cecilia H.P. King.
The two-story, 35,220-square-foot apartment was constructed on 2.98 acres in 1980 and consists of all two-bedroom/one-bath units. Amenities include a pool, patios or balconies for each unit, and onsite parking for 45 vehicles.
The property was sold in April 1987 for $2.04 million.
2635 Camino Del Rio S Ste., 300
San Diego, CA 92108