Updated Aug 17, 2026
Marcus & Millichap Facilitates $2.5M Sale Of 5-Unit Multifamily Property In San Diego
1012 Loring Street
$2,482,000
Units
5
Asset Type
MultiFamily
Closing
Jan 30, 2024
About this deal
AI
Marcus & Millichap closed the sale of a five-unit apartment property located at 1012 Loring Street in San Diego for a total sale price of $2,482,000. The property is a multifamily asset situated in the Pacific Beach area. The transaction was facilitated by Cole Silverman and Carson Trujillo from Marcus & Millichap's San Diego Del Mar office. The seller decided to transition their investment after managing the property for 50 years.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,482,000
- Address: 1012 Loring Street, San Diego
- Market: San Diego
This transaction marks the fourth deal in 18 months for Cole Silverman and Carson Trujillo in the Pacific Beach area. They represented Marcus & Millichap as the broker in this deal, showcasing their expertise in the local market.
On the Map
$2,482,000
MultiFamily
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Players
San Diego MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.39%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93