A small Pacific Beach apartment building built in 1970 sold for $ 3.2 million.
Portman LP, represented by Adrian Grobelny and Conor Brennan, investment specialists from Marcus & Millichap’s office in San Diego Del Mar, sold the building.
Grobelny and Brennan also represented the unidentified buyer.
The property, located at 4046 Crown Point Drive, consists of two studios, five one-bedroom units, and one two-bedroom unit.
It was 100% occupied at the time of the sale with rents about 50% below market.