Marcus & Millichap has successfully closed the sale of a 10-unit apartment complex located at 4127 Idaho St. in San Diego for $4,200,000.
According to Aaron Bove, senior managing director investments at Marcus & Millichap’s San Diego Del Mar office, despite economic challenges, there continues to be strong demand for high-quality rental housing. This recent sale is a clear indication of the market’s resilience and potential for growth.
Bove and associate Casper Rooney from Marcus & Millichap’s San Diego Del Mar office were responsible for marketing the property on behalf of seller Idaho 4127 Fund LLC. The buyer was The Fizzard Family Trust and was procured by Bove and Duffy.
The property boasts a gross building area of 5,638 square feet with eight one-bedroom units and two two-bedroom units. It presents an excellent investment opportunity in market-rate multifamily properties as well as affordable housing options such as single-family rentals, senior housing,and student housing across both U.S.and Canadian markets.This listing can be found on ApartmentBuildings.com – Connect CRE’s sister site- along with other similar investment opportunities.
