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California  + San Diego  + Apartments  | 
North Park Apartment Complex Changes Hands for $5M, Marcus & Millichap Arranges

North Park Apartment Complex Changes Hands for $5M

Warrior Foundation Freedom Station has purchased 4058 Hamilton Street, a 12-unit apartment property in the North Park neighborhood of San Diego. Marcus & Millichap’s Ben Sierpina and Raymond S. Choi represented the seller, a private corporation, in the $5 million transaction.

“The marketing process generated seven offers and the property sold above the list price in original condition with below market rents. At the time of sale, the property set a record price per unit in North Park for a 5+ unit building in original condition,” said Sierpina in a news release.

Originally constructed in 1952, the complex consists of 12 one-bedroom cottage style units and 10 single car garages. Located in the popular North Park neighborhood, the property is just off Interstates 8 and 805 and is only 4 miles from Downtown San Diego.

Dylan Wright and Connor Arleo of ACRE Investment Real Estate Services represented the buyer.

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Inside The Story

Marcus & Millichap's Ben SierpinaWarrior Foundation Freedom StationACRE Investment Real Estate Services

About Mark Nieto

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.

  • ◦Sale/Acquisition
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