VALUE-ADD IMPERIAL BEACH APARTMENTS TRADE TO LLC

By: Paul Bubny

Connect CRE

June 28, 2023

Marcus & Millichap finalized the sale of 1451 Hemlock Ave., a seven-unit apartment property located in Imperial Beach. The asset sold for $1,833,000.

“We are delighted to announce the successful sale of this exceptional value-add property in Imperial Beach,” said Aaron Bove, senior managing director at Marcus & Millichap’s San Diego Del Mar office. Bove arranged the sale on behalf of the seller, a personal trust. He also procured the buyer, La Jolla Pacific Consultants LLC.

The property comprises six two-bedroom/one-bath units and one one-bedroom/one-bath unit. Noteworthy features include ample onsite parking, a communal laundry area and low-maintenance landscaping.

Originally Posted on Connect CRE