TALMADGE - San Diego, CA (March 5, 2024) – A multi-family asset in desirable Talmadge, San Diego, CA located at 4493 48th Street, San Diego CA 92115 sold for $3,036,000/$379,500 per unit on February 2, 2024.
The asset consisted of four 1 Bed/1 Bath and four 2 Bed/1 Bath units, all of which were fully renovated with in-unit laundry and closed at a 5.25% cap rate.
Maxwell Brown, CAA's specialist in Multi-family Investment Sales brokered the transaction off-market in an all cash 24-day escrow bringing forth a buyer. The off-market opportunity was sourced through existing agent and client relationships. The seller self-represented during this transaction.
Commercial Asset Advisors (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:
Maxwell Brown, Senior Vice President (DRE Lic. #02127395), at mbrown@caacre.com
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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.