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3/18/21
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Las Palmas Apartments, an 18-unit multifamily property in San Diego, traded for $4.1 mil, which works out to about $228k per unit. The property is located at 3864 35th St, east of I-805 and just south of University Ave within the North Park/Cherokee Point submarket.
The property was sold by Voltaire Street LLC. The unnamed buyer intends to do a full interior and exterior remodel to the asset to take advantage of the ongoing gentrification in the area.
Erik Anderson and Kyle Pinkalla with NorthMarq represented the seller and sourced the buyer in the transaction as well.
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