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

Property Image
SOLD
$6,900,000
Joe Gomez
James V. Carter
+ 1

California

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MultiFamily23,958 SF
Sold 07/02/2020
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Property Image
SOLD

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

4388-94 Delta Street, Los Angeles, CA, USA

See Similar Deals
MultiFamily23,958 SF
Sold 07/02/2020
Joe Gomez
James V. Carter
+ 1
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$288
Total Square Footage:23,958 SF
Transaction Type:Sale

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.

Players

1 deal$6.9M volume
BROKER


Jordan Concepcion
3 deals$11.3M volume
BROKER


2 deals$25.2M volume
BUYER

Details

SOLD
IMAGE: James V. Carter, Joe Gomez & Jordan Concepcion DATE: 07/02/2021 ADDRESS: 4388-94 Delta Street MARKET: San Diego ASSET TYPE: Multifamily BUYER: Aeon Partners - Chris Honeycutt SELLER: Ronald T. Neri BROKERS: Joe Gomez (@JoeMGomez) - LTV Mortgage Capital (@LTVMortgage), James V. Carter (@JamesVCarter) - (@ApartmentRealty) & Jordan Concepcion SALE PRICE: $6,900,000 UNITS: 28 ~ PPU: $246,428 SF: 23,958 ~ PPSF: $288 NOTES: - James Carter - Senior Managing Partner of Apartment Realty Group (ARG) represented the Buyer - Jordan Concepcion - Partner of KW's Cornerstone Investment Group represented the Seller. - Joe Gomez - Managing Director of LTV Mortgage Capital arranged the financing for the Buyer.

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