The Bove Group

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PACIFIC BEACH APARTMENTS PURCHASED FOR $7.8M

By Lou Hirsh

San Diego Business Journal


May 21, 2015

Investor Yuan Shen of San Diego has acquired a 32-unit Pacific Beach apartment property for approximately $7.8 million, according to brokerage company South Coast Commercial Inc.

The seller of the property known as Sail Bay Apartments, at 1327-1335 Pacific Beach Drive, was Western Sail Bay Partners LP of San Diego, represented by South Coast’s Josh Browar. The buyer was represented by Aaron Bove of Marcus & Millichap Inc.

The property was built on 0.23 acres in 1960, according to CoStar Group and public data.