Northmarq brokers $1.35 million sale of San Diego multifamily property
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 a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
