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5 Unit Apartment Building Sells for $2.7 Million located in the Heart of North Park, CAA Announces


NORTH PARK, San Diego, Calif. (March 20,2023) – Commercial Asset Advisors (CAA) announces the sale of 3,184 Square feet 5-unit multi-family buildings for $2,725,000 on March 1, 2023 located at 3750-3752 Herman Avenue, San Diego, CA 92104.


CAA was able to facilitate an in-house deal to create a win-win scenario for both Buyer and Seller. The Buyer, Luis L. Lopez and Aura Oliva was represented by Gino Kalasho and the Seller, MRD Hillcrest LLC, a California Limited Liability Company was represented by Todd Simonsen and Brian Jenkins.


Located in North Park Area, near University Avenue, the sale comprised of 2 separate newly remodeled buildings. The property features a single story two-bedroom, two-bathroom house located curbside on Herman Avenue. Residing in the back of the property comprised a two story fourplex apartment building with four one-bedroom, one-bathroom units. In accordance with the brand-new remodel, came extensive exterior and interior improvements in the kitchen, bathroom, etc. This property is in a high value area that is only steps away from the renowned restaurants and exciting nightlife of University Avenue.


The expertise of Gino Kalasho, Todd Simonsen, and Brian Jenkins in the commercial real estate market enabled them to facilitate a smooth transaction where both parties were pleased with the outcome.


The sale of this property demonstrates the strength of the commercial real estate market in San Diego, CA, and the capabilities of CAA in representing both buyers and sellers. CAA has represented multiple buyers and sellers in all product types this year all over San Diego County, demonstrating the firm’s ability to maximize values regardless of product type, location, or situation.


For additional information, you may contact:

Gino Kalasho, CAA Sales Associate (DRE Lic. #02046687), at gino@caacre.com

Todd Simonsen, CAA Sales Associate (DRE Lic. # 02131564), a todd@caacre.com

Brian Jenkins, CAA Principal (DRE Lic. #01814828), at brian@caacre.com

About Commercial Asset Advisors

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.


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