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CBRE Closes 1031 Deal for Escondido Multifamily
CBRE finalized the sale of a five-unit multifamily rental community in Escondido to a private investor for $1.41 million. The transaction was facilitated by EVP Dan Blackwell and associate Amanda Fielder, who represented the San Diego-based seller in a 1031 exchange. The buyer was based in Orange County.
“The five-unit property represented a value-add opportunity for investors in a great walkable neighborhood (Walk Score: 95), just one mile from Escondido’s historic downtown,” said Blackwell. “Our marketing efforts generated multiple property tours and competitive offers for this desirable 1980s construction, securing a buyer who closed in 35 days. Our team also played a pivotal role in assisting the seller in acquiring their upleg property in Orange County to complete the 1031 exchange process.”
The two-story multifamily property is located at 419 W. 4th Ave. on 0.17 acres and was built in 1981.
- ◦Sale/Acquisition




