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

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:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Units: 18
• Price Per Unit: $250,000
• Buyer: John & Cheryl Lopez
• Buyer's Representative: Patti McKelvey - Coldwell Banker West
• Seller's Representatives: Ken Robak & Dave Dilday - Pacific Coast Commercial
• Lender: Citizens Private Bank

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.