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VISTA, CA-Multifamily product continues to be a hot commodity in San Diego County, as a 10-unit property in Vista has recently sold after just one month on the market.

Private investors Emile and Ursula Misiraca of La Mesa have paid $82,500 per unit for the complex, known as West Drive. Located at 1924 West Dr., it consists of nine studio apartments and a three-bedroom house. The house dates back to the 1960s, while the studio units were constructed in the late 1980s, according to Pamela Ruegg of Hendricks & Partners.

Ruegg, who is based in San Diego and brokered the transaction along with colleague Andrew Shih, who works in the firm’s Austin office. West Drive’s amenities include on-site laundry facilities, 12 garages and several private yards, Ruegg says. The property was 100% occupied at the time of sale.

“I felt that the price we achieved was fantastic,” Ruegg tells GlobeSt.com. She explains that West Drive had some mold issues that were eventually cleared up, but did make it difficult to get the property insured. Although insurance was secured, the combination of the previous mold problems and studio floorplans might have posed a hard sell for some. However, Hendricks & Partners “got the property out there,” she says, adding that West Drive was only on the market a month before it was under contract.

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