Ocean Beach Coastline Apartment Building SOLD-Press Release
Ocean Beach Coastline Building SOLD
The property located at 5101-5107 Narragansett Avenue, San Diego, California 92107 was sold by the William R. Mundt Trust. The seller was represented by Pacific Coast Commercial's multifamily and investment sales team, Mack Langston and Jan Sachs.
The buyer, Mills Trust, was represented by Kidder Mathews multifamily investment brokers, Merrick Matricardi, Jim Neil and Eric Comer, as well as Dylan Wright and Chris Saver of ACRE.
The apartment was built in 1973. It is a three-story building consisting of 16 units of studios, one, two and three bedroom floor plans. The seller describes it as a rare coastal property with gorgeous panoramic ocean views.
“We received over a dozen offers for
this one of a kind waterfront property with panoramic views of the Pacific
Ocean,” said Langston of Pacific Coast Commercial.
“It
is uncommon for an oceanfront property to become available on the market,” said
Matricardi. “This is only the fourth oceanfront apartment building over ten
units to sell in San Diego County in the last 20 years.”
Contact Pacific Coast Commercial Real Estate specialists for all your future acquisitions and sales.
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