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California  + San Diego  + Apartments  | 

Spring Valley Townhome Sale Sets Local Pricing Record

Marcus & Millichap closed the sale of a five-townhome community in Spring Valley. With a sale price of $3,395,000, or $679,000 per unit, this represents the highest price ever paid in Spring Valley as well as the surrounding submarkets, according to Marcus & Millichap. Additionally, the property sold at 100% of list price with no concessions. 

“9031–9039 Meghan Ct. represents the type of high-performing, well-located asset that continues to resonate with today’s multifamily investors,” said Austin Huffman, senior director with the Zorbas Huffman Group of Marcus & Millichap’s San Diego Del Mar office. “This transaction reflects the ongoing strength of the Spring Valley submarket and the sustained demand for quality housing in the region.” 

Completed in 2024, the five-unit multifamily property offers a well-balanced unit mix. The transaction was facilitated by Huffman and Wyatt Darien, associate investments, of the Zorbas Huffman Group. They represented the seller, BRD Development LLC. The buyer, Gabriel M. Hall, was represented by The Pollard Company.

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Marcus & Millichap's Huffman

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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