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SAN DIEGO NEWS
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Pacific Beach Apartment Building Goes for $662k/Unit

6/16/20

A four-unit apartment property in San Diego’s Pacific Beach neighborhood sold for $2.65 mil, or $662.5k/unit. The 5.2k sf property is situated on a 6.2k sf lot at 1050-1056 Diamond St.

Built in 1992, the property is just three and a half blocks from the beach. It consists of two three-bedroom/2.5-bath units, one three-bedroom/two-bath units and a two-bedroom/2.5-bath townhomes.

The units have fireplaces, washers, and dryers. There are three two-car tandem garages, one single garage and a carport. Close to nearby shopping, restaurants and nightlife.

Terry Moore of ACI Apartments represented both the buyer, S & A Future Investments LLC, and the seller, A.L. McCleary Holdings LLC of San Diego, who sold the property as part of a 1031 tax deferred exchange.





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