South Coast Commercial Acquires La Mesa Multifamily For $4M

Located at 4590 Date Avenue in La Mesa, CA, this multifamily property was recently sold in a closed transaction. The property consists of 12 units and was sold for a price of $4,000,000, equating to an average price per unit of $333,333. The sale was facilitated by Aaron Bove of Marcus & Millichap and Frank McLin of Heartland Real Estate, representing the seller, while the buyer was represented by Abe Peay & Jeff Diller of South Coast Commercial.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Units: 12
• Price per Unit: $333,333
• Buyer's Rep: Abe Peay & Jeff Diller - South Coast Commercial
• Seller's Rep: Aaron Bove - Marcus & Millichap ; Frank McLin - Heartland Real Estate

The successful transaction of this multifamily property showcases the expertise of the involved individuals and companies. Abe Peay & Jeff Diller from South Coast Commercial represented the buyer, ensuring their interests were protected throughout the deal. On the seller's side, Aaron Bove of Marcus & Millichap and Frank McLin of Heartland Real Estate worked diligently to secure a favorable outcome. This sale demonstrated the value and potential in the La Mesa, CA market for multifamily properties.