J&L Multifamily Properties Acquires 6-Unit Property In San Diego For $3M

A 6-unit apartment property located at 5018-22 Saratoga Avenue in San Diego has been sold for $3 million, at a rate of $500,000 per unit. The transaction involved J&L Multifamily Properties, LLC as the buyer and Fred Deluca as the seller.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Address: 5018-22 Saratoga Avenue
• Market: San Diego
• Units: 6

Conor Brennan from Marcus & Millichap represented J&L Multifamily Properties, LLC as the buyer's representative in the deal, while Brien Metcalf from Coldwell Banker represented Fred Deluca as the seller's representative. The sale of this property on Saratoga Avenue underscores the strength of well-located assets in a challenging commercial market.