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SAN DIEGO-A San Diego apartment complex has fetched $128,166 per unit, in the latest signal of the solid investment activity currently taking place in the region’s multifamily sector.

Private investor Jon G. Stamatopoulos of La Mesa has shelled out a total of $769,000 for the San Diego apartment asset, which is known as Marlborough. Located at 4446-52 Marlborough Ave., the six-unit property is comprised of a two-bedroom house with a studio in the front and four units located in a two-story facility in the rear. Recently repainted, the circa 1950s asset features a courtyard, barbecue area, laundry room, maintenance shop, single-car garage and three uncovered parking spaces.

Chad Bramwell of the San Diego office of Hendricks & Partners acted on behalf of both Stamatopoulos and the seller, HTC Properties Inc. of Sedona, AZ.

The San Diego apartment market is expected to stay in “solid shape” throughout the next year, according to a recent Marcus & Millichap report that points to an increase in sale prices over the next 12 months. According to the firm’s researchers, sale prices are also expected to continue on an upward climb, with the median price “expected to post a 7% increase over the next year, to $107,000 per unit.”

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