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818 24 Felspar St San Diego...

Updated Dec 4, 2025

David Sedillo Acquires Multifamily Property From Kathleen Sundstrom In San Diego For $2.8M
SOLDMultiFamily

David Sedillo Acquires Multifamily Property From Kathleen Sundstrom In San Diego For $2.8M

818 24 Felspar St San Diego, Ca 92109

$2,800,000

$845/SF

Building Size

3,312 SF

Asset Type

MultiFamily

Closing

Dec 1, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 818-24 Felspar St, situated in the San Diego market. The property consists of 4 units and has a total square footage of 3,312. It was sold for a transaction price of $2,800,000, resulting in a price per unit of $700,000 and a price per square foot of $845.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Units: 4
  • Square Footage: 3,312
  • Price Per Unit: $700,000
  • Price Per Square Foot: $845
  • Buyer: David Sedillo
  • Seller: Kathleen Sundstrom
  • Broker: Abe Peay - BridgePoint Realty Inc

The key individuals involved in the transaction include David Sedillo, who is the buyer, and Kathleen Sundstrom, the seller. The deal was facilitated by broker Abe Peay, who represents the buyer in this transaction, providing the necessary expertise and support throughout the process.

On the Map

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$2,800,000

$845/SF

MultiFamily

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Players

Abe Peay

BridgePoint Realty, Inc

Broker

$41.2M

vol

7 deals

Broker
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San Diego MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $845 per square foot on a published $2.8M for 3,312 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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