SAN DIEGO, Calif. (March 28, 2022) — An eight-unit apartment building in the Kensington neighborhood of San Diego sold for $2,665,000 on March 4, 2022, Commercial Asset Advisors announced.
The 5,616-square-foot building is located at 4344 Van Dyke Ave., San Diego, CA 92105.
Mike Conger and Brian Jenkins of Commercial Asset Advisors represented the buyer, AZ Investments. John Ronis of Coldwell Banker Commercial NRT represented the seller, X & J Real Estate, LLC.
“Apartments in the mid-city area are some of the most coveted assets in San Diego at the moment,” said CAA Principal Brian Jenkins, “We were able to assist our buyer in acquiring an already remodeled property with great potential to add value immediately.”
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.
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 1,400 sale and lease transactions totaling over $500 million in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.