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3358 Grim Avenue

Matthew Davies Acquires Multifamily Property At 3358 Grim Avenue For $3.61M With Broker Ben Sierpina
SOLDMultiFamily

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

Ben Sierpina

Marcus & Millichap

Broker

$57.3M

vol

10 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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