Daniel Altbaum Acquires 41-Unit Multifamily Asset From Joseph O'Keefe For $10M In Chula Vista

The transaction involves a multifamily asset located at 660 F Street in the Chula Vista market. The sale price for the property was $10,000,000, with a total of 41 units. The property encompasses a square footage of 25,940, resulting in a price per unit of $243,902 and a price per square foot of $385.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Buyer: Daniel Altbaum
• Seller: Joseph O'Keefe
• Buyer's Representative: Abe Peay & Jeff Diller - BridgePoint Realty, Inc
• Seller's Representative: Jim Neil - Kidder Mathews
• Units: 41
• Square Footage: 25,940
• Price Per Unit: $243,902
• Price Per Square Foot: $385

Daniel Altbaum, representing the buyer, noted his family's longstanding presence in Chula Vista, emphasizing their commitment to the community through this purchase. Jim Neil acted as the seller's representative in this transaction.