San Diego, Calif. (April 10, 2018) - Stratford Arms, a 35-unit apartment community, located at 1397 East Washington Avenue in El Cajon, California has been purchased for $7,750,000 by F & F EL Cajon, LP. The seller was the Hillgren Family Trust, a private investor. Kidder Mathews' multifamily investment brokers, Eric Comer, Jim Neil, and Merrick Matricardi, represented both parties in the transaction.
Stratford Arms is a mix of 29 townhomes and six single story units. All are two-bedroom units. It is close to many amenities including parks, restaurants, and shopping, and it is within close proximity to Interstate 8 and under three miles from the El Cajon Trolley Station.
"In the last 12 months, there have been 20 multifamily sales of properties with more than five units in the City of El Cajon. At a sale price of $221,428 per unit, Stratford Arms represents the highest price per unit transaction in El Cajon in the last 12 months," said Comer.
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Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 700 real estate professionals and staff in 21 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 $7 billion in transactions, manages over 50 million square feet of space, and conducts over 1,500 appraisals annually. For more information, visit kiddermathews.com.