Northmarq arranges $31.25M sale of luxury multifamily community in San Diego
SAN DIEGO — Northmarq’s San Diego Multifamily Investment Sales team of Tyler Sinks, Ed Rosen and John Chu completed the $31.25 million sale of Chapman Place, a newly constructed, 82-unit luxury apartment community in San Diego’s Point Loma neighborhood.
Northmarq represented the seller, Chapman Place LLC. The buyer was Chapman Loma LLC.
Completed in 2023, Chapman Place features studio, one- and two-bedroom floorplans equipped with smart-access technology, stainless-steel appliances and in-unit laundry. Residents enjoy resort-style amenities including a modern fitness facility with indoor-outdoor components, a sun-splashed pool and lounge deck, community fire pits and gathering spaces designed for social connection.
“Chapman Place offered a rare opportunity to acquire a multifamily asset with more than 75 units in a high-barrier-to-entry coastal submarket,” said Sinks. “It checks the boxes for investors seeking new construction, a great location and strong long-term value.”
Chapman Place is anchored by a restored midcentury building designed by iconic Southern California architect William Krisel. The property blends timeless architectural character with contemporary designed living spaces complete with modern high-end finishes.
