Trio of Small San Diego Apartment Buildings Sell for $3.4 Million

San Diego real estate
The residences at 5406-5418 Imperial Ave. Photo credit rating: Courtesy, Professional Asset Advisors

A 12-device household challenge close to Lincoln Higher University marketed past month for $3.4 million, in accordance to area serious estate brokers.

The task, found at 5406-5418 Imperial Ave. and produced in 1973, consists of 3 adjacent qualities of 4 units every single. The parcels each individual have a mix of one-, two- and three-bedroom apartments that selection from 600 to 1,000 square feet.  

The 3 parcels complete 11,878 square ft of land with a put together 33 parking spaces.

Matt Monterroso of Professional Asset Advisors represented the customer, the Charles Select and Susan E. Decide Revocable Belief. The house is aspect of a capable Possibility Zone, a designation which provides tax positive aspects for expense in minimal-profits communities and neighboring areas.

“This special residential venture delivers the buyer an chance to obtain secure, money-creating property in a rising industry,” Monterroso stated.

The vendor, Hari Vision Unlimited, LLC, was represented by Benn Vogelsang of South Coastline Business.