August 22, 2022
A 12-unit house constructing on Date Avenue in La Mesa has been bought for $4.05 million, in response to an actual property agency.
Aaron Bove, the senior managing director within the San Diego and Del Mar workplace of Marcus & Millichap, and Frank McLin, of Heartland Actual Property, represented the vendor, a restricted legal responsibility firm.
Vice Presidents Jeff Diller and Abe Peay of South Coast Industrial represented the customer, a private belief.
“Even in at present’s market with larger rates of interest, multifamily properties are nonetheless in excessive demand,” Bove mentioned, including that 12 gives got here in on the property, which closed $500,000 over the listing value.
The constructing, at 4590 Date Ave., has 11 2-bedroom models and one 1-bedroom, all constructed round a central courtyard providing shaded eating and a barbecue. Eight models have been reworked.
This nook lot has a concrete pad with 12 parking areas to the rear of the complicated and is positioned close to La Mesa Village.
Marcus & Millichap (NYSE: MMI), a industrial actual property brokerage agency, focuses on funding gross sales, financing, analysis and advisory companies.
Occasions of San Diego is an unbiased on-line information website masking the San Diego metropolitan space. Our journalists report on politics, crime, enterprise, sports activities, training, arts, the army and on a regular basis life in San Diego. No subscription is required, and you’ll join a free day by day publication with a abstract of the newest information.
