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Deal of the Week - Sale

Escondido Manor apartment sold

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.

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ACI Apartments

Company Website

2635 Camino Del Rio S Ste., 300
San Diego, CA 92108

ACI Apartments Executive(s):

Chuck Hoffman

  • President

Keith Courtney

  • Secretary, Treasurer