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San Diego Multifamily Trades After 40-Year Hold
Marcus & Millichap closed the sale of a nine-unit apartment property located in San Diego. The asset sold for $2,550,000.
“This is the first time that the property has been on the market in over 40 years,” said Austin Huffman, first VP investments in Marcus & Millichap’s San Diego Del Mar office. “The seller did a great job maintaining the property during his ownership.”
Huffman and Christopher J. Zorbas, executive managing director investments in the San Diego Del Mar office, marketed the property on behalf of the seller, an individual/personal trust. The buyer, Highridge Partners Inc, was procured by Huffman and Zorbas.
The property is located at 4033 36th St. in San Diego. With a two-story wood frame and concrete slab foundation, it includes six one-bedroom/one-bath units, three two-bedroom/one-bath units and four single-car garages.
- ◦Sale/Acquisition




