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January 18, 2022
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Multifamily Community in San Diego’s Little Italy Neighborhood Sells for $650K per Unit

12/15/21

Eighteen Ten State Street, a 99-unit, Class A multifamily property in San Diego’s Little Italy neighborhood, sold for $64.4 mil, or $650.5k per unit. The eight-story, mid-rise structure was sold by McMillin LLC.

Eighteen Ten State Street features luxury wood-plank style flooring, floor-to-ceiling windows, bay and city skyline views, nine-foot ceiling, walk-in closets, in-unit laundry, quartz countertops stainless steel appliances and average floorplan sizes of 721 sf. Community amenities include a village patio, a sky spa, a hotel-inspired lobby and a horizon lounge.

Located at 1810 State St, the community is proximate to Little Italy’s Mercato, the brand-new Waterfront Park, and over 85 dining options. Along with its location offering a Walk Score® of 98, the community is also less than one mile from I-5, Pacific Highway, CA-163, the Trolley Green Line and Blue Line and Santa Fe Depot, as well as only three miles from I-15.

In addition, San Diego International Airport is two miles from the property. Residents also have access to top employers within defense, healthcare, higher-education, life sciences and technology sectors due to the connectivity to Sorrento Mesa, UTC, Kearny Mesa, Mission Valley and downtown San Diego.

Darcy Miramontes, Kip Malo, Tim Wright and Bharat Madan with JLL Capital Markets represented the seller in the transaction.




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