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Real Estate/Development

Jan. 4, 2017

Jamacha Glen apartments net $3.9 million

The buyer of the affordable housing complex was Jamacha Glen L.P., a unit of Foster Hamilton Affordable Housing of Bonita.

The 52-unit Jamacha Glen Apartments at 8890 Jamacha Road in Spring Valley sold for $3.9 million, or $75,000 per unit, reported the CoStar Group, a commercial real estate information company.

The buyer of the affordable housing complex was Jamacha Glen L.P., a unit of Foster Hamilton Affordable Housing of Bonita.

The seller was Jamacha Road Family Housing L.P., by the Foundation for Affordable Housing II Inc., with Thomas Willard as its president.

No brokers were identified b...

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