CASH-FLOWING SAN DIEGO APARTMENTS TRADES
July 15, 2024
Marcus & Millichap has closed the sale of a six-unit apartment property located in San Diego. The asset sold for $1,900,000.
Aaron Bove, senior managing director investments in Marcus & Millichap’s San Diego Del Mar office, marketed the property on behalf of the seller, Polak Properties LLC. “This high cash-flowing property is a turnkey opportunity for the buyer, featuring upgraded amenities that redefine the essence of urban living,” said Bove.
The property is located at 2030 Kearney Ave. in San Diego. It features a mix of four one-bedroom, one-bath units, and a pair of two-bedroom, one-bath units, utilizing contemporary design.
With a 5,638-square-foot gross building area, the property features eight one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units.