Aging OB Apartment Building on Del Monte Sold for $3.65M ...Middle East

News by : (Times of San Diego) -
A view of 4840 Del Monte Ave. Photo credit: Courtesy, Marcus & Milllichap An eight-unit apartment building in Ocean Beach has been sold for $3.65 million, according to a real estate brokerage. “This property presented investors with the rare opportunity to acquire a value-added asset featuring a great unit mix of all two-bedroom/one-bath units a few blocks from the water,” said Jamison Wheeler, an investment associate in Marcus & Millichap’s San Diego Del Mar office. Wheeler and Austin Huffman, vice president, investments in the firm’s San Diego Del Mar office, represented the seller, the Gilbert K. & Sheila A. Sloan Family Trust.  The buyer, 9 Mendridge LLC., was represented b

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