Local San Diego Investor Acquires Hillcrest Multifamily Complex For $2.95M Represented By ARG

This multifamily property located at 3750 4th Avenue in San Diego features a total of 6 units, encompassing a square footage of 6,784. The property was sold for a total price of $2,950,000, which equates to approximately $491,666 per unit and $434 per square foot. The apartment complex is well-maintained and situated in a prime area near transit, shops, cafes, Balboa Park, Little Italy, and Mission Hills.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,950,000
• Units: 6
• PPU: $491,666
• SF: 6,784
• PPSF: $434
• Address: 3750 4th Avenue
• Market: San Diego

James V. Carter and Angelo La Bruna of Apartment Realty Group, Inc represented both parties in this transaction. The sale involved local San Diego investors executing a 1031 exchange.