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1119 Oliver Avenue

Garrett Reuter Acquires Multifamily Property On Oliver Avenue In San Diego For $3.3M
SOLDMultiFamily

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:

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

Abe Peay

BridgePoint Realty, Inc

Broker

$41.2M

vol

7 deals

Broker

Garrett Reuter

Buyer

$3.3M

vol

1 deal

Buyer

Gerald Kelly

Seller

$3.3M

vol

1 deal

Seller

San Diego MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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