Updated Jul 10, 2025
Matthew Davies Acquires Multifamily Property At 3358 Grim Avenue For $3.61M With Broker Ben Sierpina
3358 Grim Avenue
$3,610,000
$770/SF
Building Size
4,688 SF
Asset Type
MultiFamily
Closing
Jun 16, 2025
About this deal
AI
This multifamily asset located at 3358 Grim Avenue in the San Diego, North Park market was sold for $3,610,000. The property encompasses 4,688 square feet across 10 units, achieving a price per unit of $361,000 and a price per square foot of $770.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,610,000
- Address: 3358 Grim Avenue
- Market: San Diego, North Park
- Units: 10
- Square Footage: 4,688
- Price per Unit: $361,000
- Price per Square Foot: $770
The deal was facilitated by broker Ben Sierpina, who represents Marcus & Millichap in this transaction. The buyer of the property is Matthew Davies.
Players
San Diego MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.39%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93