JUST SOLD | 22 Multifamily Units | $5,942,000

Updated: Jun 4


PROPERTY ADDRESS:

150 Gosnell Way | APN: 220-320-21

195 Johnston Lane | APN: 220-181-19

366 San Marcos Blvd | APN: 220-150-10


REPRESENTATION:

Seller Representation: Pacific Coast Commercial

Broker Rep: Mack Langston, Director of Multifamily & Investment Sales

Buyer Representation: Pacific Coast Commercial

Broker Rep:Weston Card, Multifamily & Investment Sales


SALE DETAILS

Property Type: 22 Multi-Family Units and 3 Properties

Square Footage: 3 Properties Totaling ±30,256 SF

Sale Price: $5,942,000

Close of Escrow Date: 5/20/2020

Seller Name: Affirmed Housing Group

Buyer Name: F&F Naranca L.P.

Additional Property Information (See Photo Below):

Pacific Coast Commercial is pleased to announce the sale of a 3-property portfolio of twenty-two total residential units located in San Marcos. Mack Langston, the listing broker stated, “This transaction was out of the ordinary because the seller, early on in the preparation to sell, had decided to deliver the property vacant at closing. In September, the Assembly passed AB 1482 restricting rental increases and restricting evictions to “just cause” cases. Governor Newsome signed the bill on October 8, 2019 and the property went into escrow a month later.”

“In the commercial real estate space as of late, as Brokers we need to be aware of all the nuances taking place within the political arena that may affect our clients, and the rights they should have as owners of commercial real estate.” Cited Vince Provenzano, President of Brokerage at Pacific Coast Commercial. “Mack Langston and Weston Card navigated this scenario perfectly in this transaction.”


CONTACT AGENTS FOR MORE DETAILS!


Mack Langston

Director, Multifamily & Investment Sales

(619) 469-3600

Lic. 01110555

Weston Card

Multifamily & Investment Sales

(619) 469-3600

Lic. 02013338


All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.  The owner of will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.Keywords: San Diego Commercial Real Estate For Sale, Commercial Property In San Diego, Commercial Real Estate In San Diego, San Diego Investment Real Estate, Commercial Property Management In San Diego, San Diego Commercial Property Management, Commercial Property Management San Diego, Managed Commercial Property San Diego, Commercial Property For Sale San Diego, San Diego Commercial Real Estate Leasing, Top Real Estate Agents in San Diego, Commercial Property in San Diego, Property Management Company San Diego, Real Estate Agent in San DiegoSan Diego Commercial Real EstateReal Estate Agent Contact UsBrokerage, Property ManagementMultifamily Sales Apartment Sales


TCN_logo_29588c_RGB.png

VISIT US AT

  • Grey LinkedIn Icon
  • pccnews
  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Instagram Icon

(619) 469-3600  |  10721 Treena Street, Suite 200, San Diego, CA 92131  |  License # 01209930