Located in the vibrant East Village neighborhood of San Diego, a multifamily property at 453 13th St. has recently been sold in a closed transaction. The property, consisting of 172 units, was acquired by IDEAL Capital Group and Pacific Urban Investors for a sale price of $60,250,000. With a per unit price of $350,290, this transaction highlights the strong market demand for multifamily assets in the area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $60,250,000
• Units: 172
• Price Per Unit: $350,290

Rachel Parsons from Berkadia Irvine represented the buyers, IDEAL Capital Group and Pacific Urban Investors, as the broker in this deal. With their expertise and experience in the market, Parsons played a key role in facilitating the successful transaction of this multifamily property in the East Village of San Diego.