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CAA Facilitates the Sale of a 9-Unit Multifamily Property in City Heights for $3.1 Million

  • Writer: CAA
    CAA
  • Apr 27
  • 2 min read

CITY HEIGHTS, SAN DIEGO, CA (April 22, 2026) – Commercial Asset Advisors (CAA) is pleased to announce the successful sale of a 9-unit multifamily apartment property located at 4344 Van Dyke Ave, San Diego, CA 92105. The property closed on March 30, 2026, for a total consideration of $3,100,000.

 

CAA represented the Seller, AZ Investments, in the transaction. The Buyer, Bouza Investments, LLC, was represented by CRE Advisory Group. The transaction was led by Todd Simonsen, Sales Associate, and Brian Jenkins, Principal, of Commercial Asset Advisors.

 

“This transaction highlights the importance of aligning the right asset with the right capital in today’s evolving multifamily market,” said Brian Jenkins, Principal at CAA. “Despite competitive pressures, our ability to strategically position the property allowed us to identify a buyer who recognized both its current value and long-term upside.”

 

Todd Simonsen, Sales Associate at CAA, added, “Achieving a record-setting price per door for the zip code at $344,000 per unit underscores the demand for well-located multifamily assets, with a well-executed brokerage strategy. Our team focused on maximizing exposure while carefully curating the buyer pool to ensure optimal execution.”

 

Key Highlights of the Transaction

 

  • Record-Setting Performance: The property achieved a benchmark sale price of $344,000 per unit, setting a new standard for multifamily assets over +5-units in the zip code.

 

  • Targeted Buyer Alignment: A core challenge in the transaction was matching the asset with the appropriate capital. Through disciplined marketing and strategic outreach, CAA successfully identified a buyer aligned with the asset’s investment profile.

 

  • Collaborative Execution: The transaction was supported by Mark Simonsen and Cameron Aldrich, and Rob Shaw of Chicago Title, whose expertise ensured a smooth closing process.

 

This transaction reinforces continued investor appetite for multifamily assets in San Diego’s urban infill markets, where strong fundamentals and long-term growth potential remain key drivers.

 

Commercial Asset Advisors is a leading commercial real estate brokerage specializing in multifamily, retail, office, and industrial assets. The firm is committed to delivering strategic advisory services that maximize client outcomes and long-term portfolio growth.

 

For more information, or to request a complimentary property assessment, contact:

Todd Simonsen, Sales Associate | DRE Lic. # 01381193 | todd@caacre.com

Brian Jenkins, CAA Principal | DRE Lic. # 01814828 | brian@caacre.com

 



About Commercial Asset Advisors

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5+ billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.


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