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5/29/20
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An eight-unit complex in San Diego’s Pacific Beach neighborhood sold for $2.85 mil, or $356.3k/unit. The 5.3k sf property sits on a 6.2k sf lot located at 1524 Missouri St, north of Mission Bay roughly midway between I-5 and the coast.
Constructed in 1973, the property consists of one two-bedroom/two-bath, two two-bedroom/one-bath and five one-bedroom/one-bath units. There are two double car garages, five off-street parking spots and onsite laundry. The property is just a short walk or bike ride to the beach or bay.
The buyer, CBG Mizzou LLC, of San Diego, was repped by William Gaskins of TGP Management. The San Diego-based seller, A.L. McCleary Holdings LLC, was represented by Terry Moore CCIM of ACI Apartments, as part of a 1031 exchange.
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