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

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.