Ocean Beach Multifamily Sells For $2.25M By Buyer Adam Stein And Seller Linda Pennell-Williams

The property involved in this closed transaction is a multifamily asset located at 4781-4783 Long Branch Ave. & 2121 Sunset Cliffs Blvd. in Ocean Beach. It consists of 5 units with a total square footage of 2,531. The sale price for this property was $2,249,000, resulting in a per unit price of $449,800 and a price per square foot of $888.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,249,000
• Units: 5
• Price per Unit: $449,800
• Square Footage: 2,531
• Price per Square Foot: $888

The buyer of the property is Adam Stein, while the seller is Linda Pennell-Williams. The deal was facilitated by Chris Bonar and Brian Jenkins of Commercial Asset Advisors, who represented both parties in the transaction.