MC Properties Acquires Multifamily Property In San Diego For $31.5M

A multifamily property located at 4641-4677 Home Ave in San Diego has been sold for a total price of $31,500,000. The sale, which took place on October 27, 2022, involved a total of 87 units, resulting in a price per unit (PPU) of $362,069. The property is owned by AAA Management, represented by Augusto Abraham Arriaga, and was purchased by MC Properties, represented by Leo Mermelstein. The deal was brokered by Northmarq.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $31,500,000
• Units: 87
• Price per Unit (PPU): $362,069

Leo Mermelstein, representing MC Properties, acquired the multifamily property located at 4641-4677 Home Ave in San Diego from AAA Management, represented by Augusto Abraham Arriaga. The deal was facilitated by Northmarq, who acted as the broker in the transaction.