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California  + San Diego  + Apartments  | 

Investment Sales Duo Closes Fourth Pacific Beach Deal in 18 Months

 Marcus & Millichap closed the sale of a five-unit apartment property located at 1012 Loring St. in  San Diego. The asset sold for $2,482,000.

“The seller wanted to exchange his capital out of state into a passive investment after managing the units for over 50 years,” said Cole Silverman, investment associate in Marcus & Millichap’s San Diego Del Mar office, “The property was on the market for 52 days and received multiple offers.”

Silverman and Carson Trujillo, first VP investments in the firm’s San Diego Del Mar office, marketed the property on behalf of the seller, a private investor. The buyer, a private investor, was also procured by Silverman and Trujillo.  

“This transaction marks the team’s fourth transaction in the past 18 months, making us the most active apartment brokerage team in Pacific Beach,” Silverman said.

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Marcus & Millichap's Silverman

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).

  • ◦Sale/Acquisition
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