11 Unit Apartment Building Just Sold $1,527,500

SALE DETAILS

Address: 7560 North Avenue, Lemon Grove, CA 91945

APN: 480-021-76

Seller Representation: Pacific Coast Commercial

Broker Rep: Krista Berger, Multifamily and Investment Sales

Buyer Representation: Pacific Coast Commercial

Broker Rep:Weston Card, Multifamily and Investment Sales

Property Type: 11 Unit Apartment Building

Square Footage: ± 5,478 SF Low-Rise Apartment Building

Sale Price: $1,527,500

Close of Escrow Date: April 20, 2020

Seller Name: J & J North, LLC

Buyer Name: Anthem Real Estate Ventures, Inc.

Escrow Company: Chicago Title

Title Company: Ticor Title

Financing: Seller Financing

The 11-unit apartment building is situated in an excellent location with easy access to highways 94 and 125 and within walking distance to shopping and public transportation.

“The property was completely vacant at the time of sale with a substantial amount of deferred maintenance, giving the Buyer ample opportunities for higher returns,” stated Krista Berger, Multifamily and Investment Sales Associate of Pacific Coast Commercial.