Marcus & Millichap Sets Per-Unit Price Record For Talmadge Luxury Apartments In $6.3M Sale

The 12-unit Tavarua Luxury Apartments located at 4475 49th Street in San Diego's Talmadge neighborhood have been sold for a record-breaking price of $6.3 million. The property, which features upscale modern upgrades, was sold by 4475 49th St LLC to California Limited Partnership. This transaction sets a per-unit price record for the area, with each unit priced at $525,000.

Summary of transation details

• Property Type: MultiFamily
• Transaction Amount: $6,300,000
• Address: 4475 49th Street, San Diego
• Market: San Diego
• Buyer: California Limited Partnership
• Seller: 4475 49th St LLC
• Brokers: Austin Ray Huffman, Ben Sierpina, Christopher (Chris) Zorbas & Raymond Choi - Marcus & Millichap
• Units: 12
• PPU: $525,000

The deal was brokered by Marcus & Millichap's team, with Austin Ray Huffman, Ben Sierpina, Christopher (Chris) Zorbas, and Raymond Choi representing the brokerage firm. The buyer was procured by Marcus & Millichap's San Diego Downtown office.

It is worth noting that the Tavarua Luxury Apartments stood out due to its exceptional modern upgrades, contributing to the high sale price and setting a new record in the neighborhood.