Valentino Properties, Inc Acquires 12-Unit Multifamily In San Diego For $5.3M

The sale involved Casa Florencia, a 12-unit multifamily apartment complex located at 1433 Thomas Avenue in San Diego. The property was sold for $5,300,000, equating to a price per unit of $441,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,300,000
• Units: 12
• Price Per Unit: $441,667
• Address: 1433 Thomas Avenue
• Market: San Diego
• Buyer: Valentino Properties, Inc
• Brokers: Carson Trujillo & Cole Silverman - Marcus & Millichap

Carson Trujillo and Cole Silverman from Marcus & Millichap successfully facilitated the $5.3 million sale of Casa Florencia, enabling a smooth transition for the sellers as they shifted from active management to a passive investment. The deal was swiftly finalized in just 11 days, concluding a quick 1031 exchange with Valentino Properties, Inc.