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8/29/18
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The Margaret Hulter Turney Trust of San Diego paid $2.5 mil for a 14-unit ($178.6k/unit) complex in the Ramona neighborhood of San Diego. The 25k sf property sits on a 14.6k sf lot located at 715 B St.
Built in 1990, the garden-style community consists of all large two-bedroom/two-bath units with in-unit washer and dryer hook-ups, carport parking, private balconies and/or large private yards. There is significant rent upside potential by making cosmetic upgrades.
The buyer was represented by Terry Moore CCIM of ACI Apartments. The seller, The William Sherrard Trust, was repped by Ray Adams of Cushman Wakefield.
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