Northmarq brokers $1.35 million sale of San Diego multifamily property

4069-4075 N 38th St.
Investment Sales - Multifamily
Multi-Tenant
Multifamily
Sale
Other
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SAN DIEGO (July 11, 2023) — Northmarq’s Benn Vogelsang, senior vice president, arranged the $1.35 million sale of a six-unit apartment building located at 4069-4075 N 38th St. Vogelsang represented the seller, Buena Vista Villas. The buyer was WSC Investment Partners LLC.

“This transaction shows how a vintage property in an improving neighborhood has strong upside,” said Vogelsang.

Recently remodeled with new pitched roofs, stucco, windows and interiors, the six-unit multifamily property offers one- and two-bedroom units with large private yards. The garden-style apartment community was built in 1929 and is situated in the corridor between Interstate 15 and Interstate 405. Located just seven miles northeast of Downtown San Diego, residents enjoy various eateries, grocers and multiple shorelines including Windandsea Beach. 

 

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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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