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July 12, 2020
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Multifamily Property Sale in San Diego Comes in at $284.5k/Unit


In a recent multifamily comp from San Diego, an 11-unit multifamily complex in the city’s Golden Hill neighborhood sold for $3.13 mil ($284.5k/unit). The 5.8k sf property sits on a 7.2k sf lot at 3087 A Street.

The property has a diverse mix of one two-bedroom/two-bath unit, three two-bedroom/1.5-bath units and seven one-bedroom/one-bath units. The property offers six two-car garages on site, an enclosing security gate, on-site laundry, air conditioning, and recent renovations to units.

The building is situated within proximity to Balboa Park as well as South Park and 30th Street. The building’s location near area freeways makes it ideal to access Downtown San Diego, along with other area activities.

The seller, Mincks Family Trust 08-08-00, was represented by Chris Siedenburg of ACI Apartments. The buyer, Bancroft Heights LLC, was repped by Rita-Lancaster Hannah of Acre Commercial.

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