This Sherman Heights apartment building was sold with the following characteristics and participants. The apartment building sale took less than sixty days to complete and was a successful transaction.
- Transaction price. – $2.320M (this closed escrow 04/18/2016)
- Name of buyer, with city where buyer is based. – Ninetyfive, LLC – Alhambra, CA
- Name of seller, with city where seller is based. – Leavitt Investment Company – San Diego, CA
- Exact location of property, including city and street address. – 12 Unit Apartment Complex located at 255-66 22nd Street & 2131-37 K Street San Diego, CA 92102 (APN#’s: 535-422-12-00 & 535-422-1300). The unit mix consists of all single-level, 1bedroom/1 bathroom units.
- If applicable, names and affiliations of commercial real estate brokers who represented the buyer and seller. James Carter, Senior Partner/Broker and Doug Taber, Senior Vice-President of Apartment Realty Group (ARG) had the exclusive listing at the time of the sale and represented the seller. Ted Lucier of Advantage Team Real Estate represented the buyer. This was an all-cash transaction, buyer was executing a 1031 exchange, no financing involved.