4912 W. Point Loma Blvd. San Diego, CA 92107

Summary

Ocean Beach – An eight (8) unit apartment property at 4912 W. Point Loma Boulevard (“Property”) has just sold to a North County-based limited partnership, for Four Million One Hundred Thousand Dollars ($4,100,000.0).  This marks the first and only 5+ unit multifamily property in Ocean Beach to have sold this year.

The Property is uniquely well-positioned adjacent to Robb Field, just 3.5 blocks from the beach, with bay views and private patios at select units.  The unit mix consists of: three (3) one-bedroom/one-bathroom units; four (4) two-bedroom/two-bathroom units; and one (1) two-bedroom/two-bathroom + den.  There are six (6) surface off-street parking spaces plus two (2) garage spaces, and a laundry room on-site.

Joe Burrough of Palma Commercial had the exclusive right to market the property for sale, ultimately representing both Buyer and Seller in the transaction, which included a seller financing component.