Updated Sep 16, 2026
Lee & Associates Facilitates Sale Of $7.1M San Diego Multifamily Property
5052 Wightman Street
$7,100,000
Units
44
Asset Type
MultiFamily
Closing
Mar 14, 2024
About this deal
AI
An apartment building located at 5052 Wightman Street in San Diego was recently sold for $7.1 million. The property consists of 44 units built in 1963, with an affordable housing component catering to lower-income residents.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $7,100,000
- Units: 44
- Price Per Unit: $161,364
- Brokers: Eric von Bluecher & Ivan Del Muro-Garcia - Lee & Associates
The sale of this multifamily property was facilitated by Eric von Bluecher and Ivan Del Muro-Garcia, representing The Von Bluecher Group within Lee & Associates North San Diego County.
Players
San Diego MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93