RP Vintage Meade Holdings Acquires 9-Unit Multifamily In North San Diego For $3.15M

The recently closed property transaction in San Diego involved a multifamily asset located at 3104 Meade Avenue. The property consists of nine units and was sold for a total price of $3,150,000, resulting in a price per unit of $350,000. This newer construction property is situated in the vibrant North Park submarket, known for its prime location and attractive unit mix. With its promising long-term investment potential, the buyers, RP Vintage Meade Holdings, LLC, saw great value in this property.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Units: 9
• Price Per Unit: $350,000
• Market: San Diego

The sale of this multifamily property was brokered by Benn Vogelsang and Erik Anderson of NorthMarq, representing the buyers, RP Vintage Meade Holdings, LLC. On the other side of the transaction, Bob Rodrigues from Real Properties Group Real Estate represented the seller, The Ferreira Trust. With their expertise, the buyers were able to secure this promising investment opportunity in the North Park submarket.