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
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.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93