Northmarq announces sale of San Diego garden-style apartments for $4.33 million

4051-61 Euclid Ave
Investment Sales - Multifamily
Multifamily
Sale
20-unit multifamily property in San Diego

SAN DIEGO (June 5, 2024) — Northmarq’s San Diego Multifamily Investment Sales team of Benn Vogelsang, senior vice president, and Erik Anderson, senior vice president, successfully brokered the $4.33 million sale of a 20-unit multifamily property in San Diego, Calif. Built in 1957, the apartment community is situated at 4051-61 Euclid Avenue in the Colina Del Sol neighborhood.

“This transaction shows the market for workforce housing with value-add potential,” said Vogelsang. Northmarq represented the seller, TRI-Arch Properties LLC. The buyer was Euclid Realty LLC.

The two-building property features two-bedroom, one-bathroom apartment homes, five double garages and on-site laundry facilities. 4051-61 Euclid Ave. offers access to Colina Del Sol’s diverse dining and shopping and a short 7-mile drive to Downtown San Diego. Additionally, the multifamily community is within 10 miles of Balboa Park, Mission Beach, Sea World and the San Diego International Airport. 
 

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About Northmarq 
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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