Aeon Partners Acquires 28-Unit Multifamily Property In San Diego For $6.9M

The multifamily property located at 4388-94 Delta Street in San Diego has been sold for a price of $6,900,000. The transaction took place on July 2, 2021. The property consists of 28 units, with an average price per unit of $246,428. The total square footage of the property is 23,958, resulting in a price per square foot of $288.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,900,000
• Address: 4388-94 Delta Street, San Diego
• Market: San Diego
• Units: 28
• Price per Unit: $246,428
• Square Footage: 23,958
• Price per Square Foot: $288

Aeon Partners, represented by Chris Honeycutt, acted as the buyer in this transaction. The seller, Ronald T. Neri, was represented by Jordan Concepcion of KW's Cornerstone Investment Group. The financing for the buyer was arranged by Joe Gomez, the Managing Director of LTV Mortgage Capital. James Carter, Senior Managing Partner of Apartment Realty Group (ARG), also played a role in the deal, representing the buyer.