{"id":322226,"date":"2023-04-03T05:30:39","date_gmt":"2023-04-03T12:30:39","guid":{"rendered":"https:\/\/sdnews.com\/?p=322226"},"modified":"2023-04-03T05:30:39","modified_gmt":"2023-04-03T12:30:39","slug":"dmj-capital-partners-closes-on-multi-family-mount-helix-project","status":"publish","type":"post","link":"https:\/\/test.sdnews.com\/es\/dmj-capital-partners-closes-on-multi-family-mount-helix-project\/","title":{"rendered":"DMJ Capital Partners closes on multi-family Mount Helix project"},"content":{"rendered":"<p><span style=\"font-family: Arial, sans-serif;\"><span style=\"font-size: medium;\"><span style=\"color: #424242;\">San Diego-based DMJ Capital Partners, LLC has purchased a value-add multi-family project consisting of 44 units for $11,650,000. The project is located at 3827 Conrad Drive in the Casa de Oro-Mount Helix neighborhood of Spring Valley.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\"><span style=\"font-size: medium;\"><span style=\"color: #424242;\">The project was <span style=\"color: #000000;\">built in 1971 and is currently comprised of 1 &amp; 2-bedroom\/1 &amp; 2-bath apartments. \u00a0The units offer open floor plans, in-unit washer and dryers, outdoor pool and BBQ area and onsite parking. \u00a022 of the 44 units have been fully remodeled and DMJ\u00a0<\/span><span style=\"color: #515358;\">plans to renovate the remaining units and complete a comprehensive modernization of the exterior to enhance the overall quality of the property.<\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\"><span style=\"font-size: medium;\"><span style=\"color: #515358;\"><span style=\"color: #424242;\">The Casa de Oro-Mount Helix neighborhood has a very strong rental market and considered one of the most populated communities in San Diego\u2019s East County.<\/span><span style=\"color: #000000;\">\u00a0<\/span>The area is also located within the Campo Road Corridor Revitalization Specific Plan, which provides for renovation, revitalization, and redevelopment of the area.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\"><span style=\"font-size: medium;\"><span style=\"color: #424242;\">DMJ Capital Partners was not represented in the transaction and the Seller was represented by Taylor Kettlewell of Endeavor. Marc Iacono, with Real Estate Capital Advisors, advised DMJ Capital Partners in sourcing the debt. Grandview Management Partners will be handling the property management of the asset.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #424242;\"><span style=\"font-size: medium;\"><span style=\"font-family: Arial, sans-serif;\">DMJ Capital Partners is a privately held commercial real estate investment company focused on acquiring value-add assets throughout Southern California. <\/span><\/span><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>San Diego-based DMJ Capital Partners, LLC has purchased a value-add multi-family project consisting of 44 units for $11,650,000. The project is located at 3827 Conrad Drive in the Casa de Oro-Mount Helix neighborhood of Spring Valley. The project was built in 1971 and is currently comprised of 1 &amp; 2-bedroom\/1 &amp; 2-bath apartments. \u00a0The units [&hellip;]<\/p>","protected":false},"author":938,"featured_media":322228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"15438","_seopress_titles_title":"","_seopress_titles_desc":"San Diego-based DMJ Capital Partners, LLC has purchased a value-add multi-family project consisting of 44 units for $11,650,000. The project is located at 3827 Conrad Drive in the Casa de Oro-Mount Helix neighborhood of Spring Valley.","_seopress_robots_index":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"3","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[15438],"tags":[15701,15700,12362],"class_list":["post-322226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-la-mesa-courier-news","tag-dmj-capital-partners","tag-mount-helix","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/322226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/users\/938"}],"replies":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/comments?post=322226"}],"version-history":[{"count":1,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/322226\/revisions"}],"predecessor-version":[{"id":322227,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/322226\/revisions\/322227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media\/322228"}],"wp:attachment":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media?parent=322226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/categories?post=322226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/tags?post=322226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}