A ten-unit multifamily property on Calla Avenue in Imperial Seashore has been offered for $3.25 million, brokerage officers stated.
Connor Stolle and Carson Trujillo, multifamily funding specialists in Marcus & Millichap’s Downtown San Diego workplace, represented the vendor, Calla Condos LLC.
Cole Silverman, additionally of Marcus & Millichap, joined Trujillo in representing the all-cash purchaser, Southport Properties, L.P. Trujillo stated the agency obtained “a number of competing gives” and closed escrow in 25 days.”
The constructing, 856 Calla Ave., is comprised of two three-bedroom/two-bath items and eight one-bedroom/one-bath items. Constructed in 1968 and renovated in 2007, this property has a accomplished rental map and gives traders a number of exit methods.
Tenants have in-unit laundry, non-public balconies and 11 off-street parking areas. Situated in I.B.’s Dolphin Bay neighborhood, brokers predict that the property is poised for long-term appreciation.
Marcus & Millichap (NYSE: MMI), a industrial actual property brokerage agency, focuses on funding gross sales, financing, analysis and advisory companies.
