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5/26/17
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A 29-unit multifamily complex in the San Diego neighborhood of National City sold for $4.675 mil, or $161.2k/unit. The property is situated on 1.18 acres at 900 Manchester St, east of I-805 and north of Hwy 54.
The property features a desirable design and consists of 16 two-bedroom/one-bath units, 12 one-bedroom/one-bath units and one studio. The two-story consists of wood frame construction. The secured access interior courtyard is landscaped with a pool. The property also comes with 32 surface parking spaces.
The buyer, KA Real Estate LLC of Sorrento Valley, was represented by Anton Burman of Apartment Consultants Inc. The seller, Rodney A. Johnson of Mission Hills, was represented by Dave Savage, also of ACI. Eugene Marini provided additional acquisition and asset management services.
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