Private Investor Snags North Park Multifamily

Marcus & Millichap closed the sale of 4167-71 Kansas St., a four-unit apartment property located in San Diego’s North Park neighborhood. The property sold for $1,870,000.

The buyer, a private investor, was procured by senior associate Ben Sierpina and Raymond S. Choi, SVP investments, in Marcus & Millichap’s San Diego Del Mar office.

“The buyer was motivated to purchase this property due to its proximity to several other apartment complexes they own in the area and the opportunity to add value and increase rents over time,” said Sierpina. “The buyer obtained financing and escrow was closed in 30 days. They have plans to hold this property long-term and will continue to renovate and improve this property over time.”

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Marcus & Millichap's Sierpina

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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