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John And Cheryl Lopez Acquire Del Oro Apartments In San Diego For $4.5M With Citizens Private Bank

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SOLD
$4,500,000

California

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MultiFamily
Sold 08/25/2025
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Property Image
SOLD

John And Cheryl Lopez Acquire Del Oro Apartments In San Diego For $4.5M With Citizens Private Bank

3748 10th Avenue & 918 Robinson Avenue

See Similar Deals
MultiFamily
Sold 08/25/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 3748-3772 10th Avenue & 918 Robinson Avenue in the San Diego market. The total sale price of the property was $4,500,000, and it consists of 18 units, which equates to a price per unit of $250,000.

Summary of transaction details:

John and Cheryl Lopez acquired the Del Oro Apartments, a 20-unit multifamily property in the Hillcrest area of San Diego. The financing for this acquisition was secured through Citizens Private Bank, with Pacific Coast Commercial representing the seller in the transaction.

Players

Ken Robak
3 deals$26M volume(619) 666-4600
BROKER

Dave Dilday
Pacific Coast Commercial
1 deal$4.5M volume(619) 469-3600
BROKER

Patti McKelvey
Coldwell Banker
1 deal$4.5M volume(619) 271-8300
BROKER

Pacific Coast Commercial
BROKERAGE


Citizens
LENDER

Details

SOLD
IMAGE: Patti McKelvey, Ken Robak & Dave Dilday DATE: 08/25/2025 ADDRESS: 3748-3772 10th Avenue & 918 Robinson Avenue MARKET: San Diego ASSET TYPE: Multifamily BUYER: John & Cheryl Lopez BUYER'S REP: Patti McKelvey (@McKelveyRealty) - Coldwell Banker West SELLER'S REP: Ken Robak & Dave Dilday - Pacific Coast Commercial (@PacificCoastCommercial) LENDER: Citizens Private Bank SALE PRICE: $4,500,000 UNITS: 18 ~ PPU: $250,000 NOTE: John and Cheryl Lopez bought Del Oro Apartments, a 20-unit multifamily property in San Diego’s Hillcrest, for $4.5M with financing from Citizens Private Bank. Pacific Coast Commercial’s Ken Robak and David Dilday represented the seller, while Coldwell Bank West’s Patti McKelvey represented the buyers. Lopez

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55