San Diego Apartments Trade with Creative Seller Financing
Marcus & Millichap recently finalized the sale of 1534 Diamond St., an eight-unit apartment property located in the Pacific Beach neighborhood of San Diego. The asset sold for $4,600,000.
Cole Silverman and Carson Trujillo, multifamily investment specialists in Marcus & Millichap’s Downtown San Diego office, marketed the property on behalf of the seller, a private individual trust. The buyers, private local investors, were also procured by Silverman and Trujillo. According to Silverman, this escrow closed in 21 days and offered creative seller financing.
Constructed in approximately 1960, 1534 Diamond St. rests on a 6,255 square-foot lot and offers approximately 5,900 rentable square feet.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).