White Sand Beach Capital And Holt Family Investments Acquire Multifamily Property In San Diego For $6.8M

The multifamily property located at 3960 Idaho St. & 4152 Iowa St. in San Diego, CA has been sold for a price of $6,800,000. The transaction took place on 10/13/2022. The property consists of 9 units and has a price per unit (PPU) of $755,556. The buyer of the property is White Sand Beach Capital, LLC & Holt Family Investments, LLC, while the seller is The Neubert Family Trust. The transaction was facilitated by James Carter from Apartment Realty Group (ARG).

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Units: 9
• Price per Unit: $755,556
• Buyer: White Sand Beach Capital, LLC & Holt Family Investments, LLC
• Seller: The Neubert Family Trust
• Broker: James Carter - Apartment Realty Group (ARG)

The sale of this multifamily property represents a significant transaction in the San Diego market. It brings together the buyers, White Sand Beach Capital, LLC & Holt Family Investments, LLC, who saw the potential in this property, and The Neubert Family Trust, who decided to sell. James Carter from Apartment Realty Group (ARG) played a key role in facilitating the deal as the broker representing both parties.