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California  + San Diego  + Apartments  | 
4717-31 Utah St.

Buyer Nabs Three-Property Uptown Portfolio in One Transaction

A three-property multifamily portfolio totaling 31 units in the Uptown area of San Diego, recently sold for $10.675 million. The sale marks one of the largest portfolio sales in the submarket year-to-date.

Erik Anderson and Kyle Pinkalla of Northmarq’s San Diego investment sales team arranged the sale. Anderson and Pinkalla represented the seller and sourced the buyer in the transaction. The property was purchased from The Cacao Living Trust and the buyer was WSC Investment Partners LLC.

“It is rare for a buyer to be able to acquire a portfolio of smaller buildings with such great unit mixes in one transaction in these neighborhoods,” said Anderson. “This was the first time all of the properties have traded in over 25 years and will be an excellent long-term investment for the buyer. All three of the buildings are in fantastic locations within their respective neighborhoods and are all of newer vintage, which is rare for the area.”

The three properties were 4717-31 Utah St. in University Heights which was comprised of nine townhome style units, 13 units at 3790-92 32nd St. in North Park and nine units at 4139 33rd St. in Cherokee Point. All the properties are in prime walkable locations and positioned with direct access to major freeways and abundant retail.

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Erik Anderson

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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