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
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