Pacific Beach Apartment Building
Recently Closed
$1,450,000
Description
- Purchase Price $1,450,000
- Actual Selling CAP Rate = 2%, Pro Forma CAP Rate = 4.62%
- Some Deferred Maintenance at the Close of Escrow
- One 6 Unit Apartment Building: 2 Studios and Four 2 bed/2 bath units
- All Cash Transaction & Quick 30 Day Close of Escrow
- Buyer was in a 1031 Exchange
- 4,935 Square Foot Building Size and 6,068 Square Foot Lot Size
- The Franco Realty Group Represented the Seller of the Real Estate