Garrett Reuter Acquires Multifamily Property On Oliver Avenue In San Diego For $3.3M
1119 Oliver Avenue
$3,300,000
$821/SF
Building Size
4,019 SF
Asset Type
MultiFamily
Closing
Jul 15, 2026
AI
The asset involved in this transaction is a multifamily property located at 1119 Oliver Avenue in the San Diego market. It features 5 units and encompasses a total square footage of 4,019. The price per unit is $660,000, with a price per square foot of $821. The total sale price for the property is $3,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 1119 Oliver Avenue
- Market: San Diego
- Units: 5
- Price Per Unit: $660,000
- Square Footage: 4,019
- Price Per Square Foot: $821
- Buyer: Garrett Reuter
- Seller: Gerald Kelly
- Brokers: Abe Peay, Jeff Diller, Adrian Gonzalez, Alexio Barbara & Brandon Cruz - Bridge Point Realty, Inc
The transaction was facilitated by the brokerage team at Bridge Point Realty, Inc, consisting of Abe Peay, Jeff Diller, Adrian Gonzalez, Alexio Barbara, and Brandon Cruz. They represented both the buyer, Garrett Reuter, and the seller, Gerald Kelly, in this multifamily property deal.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93