Spring Valley apartment on Jamacha Road sold

June 17, 2024 – Our town took a magical trip down memory lane today. The Model T Ford Club of America rolled into town for their 2024 National Tour. 

Dozens of these magnificent Model T’s lined our streets. It felt like stepping back in time.

The visitors took a stroll through our town’s rich history, from the old Lakeside Inn, the Auto Speedway route, made famous by racing legend Barney Oldfield, to our charming historic buildings and homes.

The Lakeside Historical Society opened their doors, welcoming everyone to explore the chapel, museum, Gift Shop, and the Speedway monument. It was a little slice of the past brought back to life.

Their visit was short, but the memories will last a lifetime. A huge thank you to the Model T Ford Club of America for stopping by and making the day in our hometown so special.

by Rick Griffin

Jamacha Villas, a 16-unit apartment at 8940 Jamacha Road in Spring Valley, has been sold for $3.5 million. The buyer was GCOLM Legacy LLC, 3027 Homer St., San Diego. George E. Olmstead is manager of GCOLM. The acquisition was financed with a loan of $1,925,000 from Luther Burbank Savings. The seller of the property was The 8940 Group LP, with TAAG Investment Management LLC as general partner. Lauren Boyd is manager of TAAG. The seller was represented by Chris Zorbas, vice president of investments and David Sperling, associate, of Marcus & Millichap. Della DuCharme of Chicago Title, provided the escrow services. Built in 1977, the property occupies a 36,590-square-foot parcel. The property is comprised entirely of three-bedroom, 2-1/2-bath townhomes totaling approximately 21,104 rentable square feet. All of the units have direct access to two-space garages. The property went to a trustee’s sale in June 2008. In November 2009, the apartment was sold for $2.9 million to The 8940 Group. A condominium map on the property was recorded in February 2010