Marcus & Millichap Brokers Pacific Beach Apartment Sale
Commercial real estate firm Marcus & Millichap has brokered the $3.5 million sale of Villa Pacific, a 10-unit apartment community in the Pacific Beach neighborhood of San Diego. The buyer in the transaction was VisionWise Capital.
Austin Huffman, vice president investments and Christopher J. Zorbas, executive managing director investments in Marcus & Millichap’s San Diego Del Mar office had the exclusive listing on behalf of the seller, 1215 Hornblend, LLC. The pair also procured the buyer.
Located at 1215 Hornblend St. in the heart of Pacific Beach, Villa Pacific is comprised entirely of 450- to 500-square-foot studios with 10 off-street parking spaces. The property is situated between busy Grand and Garnet Avenues, providing great walkability to many bars, eateries and coffee shops, and is just 5 blocks from the Pacific Ocean.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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