Strong multifamily fundamentals in San Diego continue to precipitate development here. And, 29th Street Capital (29SC) is taking full advantage of those fundamentals, recently acquiring Villa Del Sol Apartments, a class-B 203-unit multifamily asset located in the College East submarket. 29SC plans to make improvements to unit interiors and the property’s amenities, roof and curb appeal.

“All of the demographic indicators are pointing in the right direction,” said Jason de Guzman, 29SC’s senior vice president of acquisitions. “With its attractive lifestyle and emergence as a technology hub, we believe there is a lot of runway in San Diego for many years to come.”

Located at 5474 Reservoir Dr., Villa Del Sol is approximately 10 miles northeast of downtown San Diego. The property is adjacent to Alvarado Hospital Medical Center, a 306-bed acute care hospital. Villa Del Sol is also located approximately seven miles east of the planned Riverwalk Development in bordering Mission Valley.