G Avenue Holding, LLC Acquires 5-Unit Multifamily Property In Point Loma For $2.6M

A Point Loma apartment property with five units located at 301-309 San Elijo Street in San Diego has been sold for $2.6 million. The transaction took place on 06/24/2023 and the buyer, G Avenue Holding, LLC, acquired the property from the Jacqueline Joan Horner Trust. The sale attracted significant interest, with eight offers received within 10 days of the property being listed. The buyer intends to undertake extensive renovations on the property, using high-end finishes.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $2,600,000
• Units: 5
• Price per Unit: $520,000
• Market: San Diego

Conor Brennan from Marcus & Millichap represented both parties as the broker in this deal.