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Contour Lofts LLC Acquires Multifamily Property In San Diego's Little Italy For $20.7M

Property Image
SOLD
$20,700,000

California

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MultiFamily
Sold 09/05/2023
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Property Image
SOLD

Contour Lofts LLC Acquires Multifamily Property In San Diego's Little Italy For $20.7M

2120 Columbia St San Diego, CA 92101, USA

See Similar Deals
MultiFamily
Sold 09/05/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The Contour Lofts, a six-story multifamily property located at 2120 Columbia Street in San Diego's Little Italy neighborhood, has been sold for $20.7 million. The transaction took place between Contour Lofts LLC, represented by their broker Brendan Flynn from South Coast Commercial, and the seller, InDev LLC, represented by Brett Albro.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,700,000
  • Address: 2120 Columbia Street, San Diego
  • Market: San Diego

The sale price of $20.7 million translates to an average of approximately $747,222 per unit. The property comprises 27 residential units, as well as an office space. InDev LLC, the previous developer, sold the property to an entity linked to Contour Lofts LLC.

Players

Brendan Flynn
South Coast Commercial
Brendan Flynn
1 deal$20.7M volume(760) 542-8730
BROKER

Details

SOLD
IMAGE: Brendan Flynn & Brett Albro DATE: 09/05/2023 ADDRESS: 2120 Columbia Street MARKET: San Diego ASSET TYPE: Multifamily BUYER: Contour Lofts LLC SELLER: InDev LLC - Brett Albro BROKER: Brendan Flynn - South Coast Commercial (@SouthCoastCommercialinc) SALE PRICE: $20,700,000 UNITS: 27 ~ PPU: $766,667 NOTE: Contour Lofts, a six-story property in San Diego's Little Italy neighborhood, was sold for $20.7 million, averaging about $747,222 per unit. The property includes 27 residential units and an office space, and the sale involved an entity linked to Contour Lofts LLC acquiring it from developer InDev LLC.

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