Commercial Asset Advisors Sets Record for 5+ Unit Sales in City Heights Over the Past Two Years at $344,000 Per Door!

SAN DIEGO, CA (April 22, 2026) – Commercial Asset Advisors (CAA) is pleased to announce the successful sale of a 5,616 square foot multifamily property on March 30, 2026, located at 4344 Van Dyke Ave, San Diego, CA 92105 for $3,100,000.

The transaction achieved a record-setting price of $344,000 per unit for 5+ unit multifamily properties in City Heights over the past two years, highlighting continued demand for well-positioned assets and strategic execution in today’s market.

The seller, AZ Investments, was represented by CAA brokers Brian Jenkins and Todd Simonsen. The buyer, BOUZA INVESTMENTS LLC, was represented by CRE Advisory Group.

“This result came down to identifying the right buyer and executing with precision,” said Brian Jenkins, Principal at CAA. “In this market, the ability to match an asset with the right capital is what ultimately drives pricing.”

“We focused on targeting a specific buyer profile and building a competitive process around that,” added Todd Simonsen, Sales Associate at CAA. “That’s what allowed us to achieve one of the highest price-per-door sales for 5+ unit properties in City Heights over the past two years.”

Property Highlights:

• Sale Price: $3,100,000

• Price Per Unit: $344,000 (Record for 5+ Unit Sales in City Heights – Past Two Years)

• Property Type: Multifamily

• Building Size: 5,616 SF

• Address: 4344 Van Dyke Ave, San Diego, CA 92105

Transaction Highlights:

• Record-setting pricing over the past two years

• Targeted buyer identification and outreach

• Competitive process driving premium valuation

CAA extends appreciation to Mark Simonsen and Cameron Aldrich of Chicago Title for their role in facilitating a smooth closing.

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage specializing in investment sales across multifamily, retail, office, and industrial assets. The firm is known for its strategic execution and ability to match assets with the right buyers to maximize value.

Contact:

Brian Jenkins, Principal (DRE Lic. #01814828) – brian@caacre.com

Todd Simonsen, Sales Associate (DRE Lic. #01381193) – todd@caacre.com

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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.