4976 Long Branch Ave. San Diego, CA 92107
Summary
Ocean Beach – 4976 Long Branch Avenue, an Eight (8) unit apartment property, comprised of Six (6) one-bedroom/one-bathroom units and Two (2) two-bedroom/one-bathroom units, has sold for the first time in over thirty years, for Two Million Five Hundred and Five Thousand Dollars ($2,505,000).
Joe Burrough of Palma Commercial represented the Buyer, a Los Angeles County-based family trust. Seller and their Agent were also based in Los Angeles County.
Built around 1960, this property features a two-story building with a front common lawn, charming courtyard, laundry on-site, and four off-street parking spaces.
Intimate familiarity and transactional expertise in the Ocean Beach sub-market, coupled with the buyer’s willingness to be aggressive on terms, enabled us to help our client win out in a competitive bidding environment with 12+ offers.
Agent(s) Involved: Joseph Burrough
Agency/Representation: Buyer
Transaction Details
Status: | Closed |
COE Date: | 10/29/2021 |
Price: | $2,505,000 |
Units: | 8 |
Year Built: | 1960 |
Bldg. Size: | 4,560 SF |
Lot Size: | 4,778 SF |
Price/Unit: | $313,125 |
Price/SF of RBA: | $549 |
Price/SF of GLA: | $524 |