Mid-Century Residence Constructing in Level Loma Sells for $2.6M

A five-unit residence property in Level Loma has been bought for $2.6 million, in accordance with an actual property brokerage.

“We had eight gives generated and a 10-day checklist value money closing,” stated Conor Brennan, senior vp for investments in Marcus & Millichap’s San Diego Downtown workplace. “The client plans to deck out the property to highest-end finishes.”

Brennan represented the vendor, the Jacqueline Joan Horner Belief, in addition to the client, G Avenue Holding, LLC, a restricted legal responsibility firm.

The property, at 301-309 San Elijo St., has views of San Diego Bay, Coronado and downtown. It was in-built 1960 and contains 5 massive two-bedroom models. It was 40% vacant on the time of sale.

Marcus & Millichap (NYSE: MMI), a number one business actual property brokerage agency, focuses on funding gross sales, financing, analysis and advisory providers.