Trio of Small San Diego Apartment Buildings Sell for $3.4 Million

A 12-device household task in close proximity to Lincoln Significant University sold very last month for $3.4 million, according to area authentic estate brokers.

The venture, located at 5406-5418 Imperial Ave. and manufactured in 1973, is composed of a few adjacent qualities of 4 units every. The parcels each individual have a blend of a person-, two- and 3-bed room residences that range from 600 to 1,000 square feet.  

The 3 parcels whole 11,878 sq. toes of land with a blended 33 parking spaces.

Matt Monterroso of Industrial Asset Advisors represented the consumer, the Charles Pick and Susan E. Select Revocable Rely on. The property is element of a skilled Opportunity Zone, a designation which gives tax strengths for investment in low-income communities and neighboring parts.

“This unique residential job delivers the buyer an chance to invest in safe and sound, profits-producing property in a expanding market place,” Monterroso said.

The vendor, Hari Vision Endless, LLC, was represented by Benn Vogelsang of South Coastline Commercial.