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Greg LaMarca Sells Multifamily Property At 10211 Rancho Carmel Drive For $24.46M

Property Image
SOLD
$24,460,000

California

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MultiFamily71,000 SF
Sold 11/14/2025
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Property Image
SOLD

Greg LaMarca Sells Multifamily Property At 10211 Rancho Carmel Drive For $24.46M

10211 Rancho Carmel Drive

See Similar Deals
MultiFamily71,000 SF
Sold 11/14/2025
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:71,000 SF
Transaction Type:Sale

This multifamily property located at 10211 Rancho Carmel Drive in the San Diego market was sold for $24,460,000. The asset comprises 50 units with a total square footage of 71,000, resulting in a price per unit of $489,200 and a price per square foot of $344.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $24,460,000
  • Units: 50
  • Square Footage: 71,000
  • Price Per Unit: $489,200
  • Price Per Square Foot: $344
  • Seller: Greg LaMarca
  • Broker: Jason Lee - Greysteel

The buyer, whose identity remains undisclosed, was a significant 1031 exchange purchaser based in Los Angeles. Jason Lee represented the broker in this transaction, facilitating the sale on behalf of Greg LaMarca.

Players

Jason Lee
Greysteel
Jason Lee
1 deal$24.5M volume
BROKER
Greysteel
Greysteel
BROKERAGE

Details

SOLD
IMAGE: Jason Lee DATE: 11/14/2025 ADDRESS: 10211 Rancho Carmel Drive MARKET: San Diego ASSET TYPE: Multifamily SELLER: Greg LaMarca BROKER: Jason Lee (@JasonJosephLee) - Greysteel (@TheGreysteelCompany) SALE PRICE: $24,460,000 UNITS: 50 ~ PPU: $489,200 SF: 71,000 ~ PPSF: $344 NOTE FROM BROKER: This was a new construction property. Buyer name is hidden but they were a big 1031 exchange buyer coming out of Los Angeles.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$86,901.23
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