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Fairfield Residential Acquires Multifamily Property In Little Italy, San Diego For $45.3M

2040 Columbia Street
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This MultiFamily property located in CA was sold for $45,300,000 almost 3 years ago. The brokers of the deal were Kip Malo, Sean Deasy, and Darcy Miramontes

The property involved in this closed transaction is a multi-family asset located at 2040 Columbia St in the Little Italy neighborhood of San Diego. The sale took place on May 17, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $45,300,000
  • Buyer: Fairfield Residential - Greg Pinkalla
  • Seller: The Picerne Group - Kenneth Picerne
  • Brokers: Darcy Miramontes, Sean Deasy & Kip Malo - JLL
  • Units: 108
  • Price Per Unit (PPU): $419,444

Greg Pinkalla from Fairfield Residential acted as the buyer in this transaction, while Kenneth Picerne represented The Picerne Group as the seller. The deal was facilitated by Darcy Miramontes, Sean Deasy, and Kip Malo from JLL.

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Deals
  • Location
    2040 Columbia St, Little Italy, San Diego, CA, USA2040 Columbia St, Little Italy, San Diego, CA, USA
  • Sale Price
    $45,300,000$45,300,000
    $40,700 PPSF$40,700 PPSF
  • Area
    1,113 SF1,113 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Sean Deasy

Sean Deasy

Deals4
Sold$319.2M

Kip Malo

Kip Malo

Deals5
Sold$340.2M

Darcy Miramontes

Darcy Miramontes

Deals4
Sold$224.2M

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

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Deal Summary

SALE IMAGE: Kip Malo, Kenneth Picerne, Darcy Miramontes, Greg Pinkalla & Sean Deasy DATE: 05/17/2021 ADDRESS: 2040 Columbia St MARKET: Little Italy, San Diego ASSET TYPE: Multfamily BUYER: Fairfield Residential - Greg Pinkalla SELLER: The Picerne Group - Kenneth Picerne BROKERS: Darcy Miramontes, Sean Deasy & Kip Malo - JLL SALE PRICE: $45,300,000 UNITS: 108 ~ PPU: $419,444

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2040 Columbia Street

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