SAN DIEGO, CA - Colliers San Diego Region announces the sale of a 10,716 square foot, multi-family property located in the Crown Point area of San Diego’s Pacific Beach neighborhood for $6,313,231. The 9-unit apartment property overlooks the Kendall-Frost Mission Bay Marsh Reserve and the Northern Wildlife Preserve.
Jon Busse of Colliers San Diego represented the buyer, Amos Travis. Todd Law of Capital Growth Properties represented the seller, El Real, LLC.
“Each unit at the property provides residents with unobstructed views over Mission Bay toward the Downtown San Diego Skyline, making this an extremely desirable location for tenants and an attractive investment property for the new ownership,” said Busse.
The property is located at 3970 Crown Point Drive, San Diego. It is comprised of all 2BR/2BA units that feature open floorplans and average 1,190 square feet each. The property recently underwent significant interior and exterior renovations and enhancements. The buyer intends to further upgrade the property and hold as a long-term investment.
About Colliers: Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people.