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San Diego Apartment Building Sold

Apartment Realty Group (ARG) San Diego Sells Normal Heights Apartment Complex

Nov. 9, 2012 - PRLog -- The seven (7) unit apartment building located at 4608 33rd Street San Diego, CA 92116, in the Normal Heights sub-market of San Diego has been sold for $950,000.  The subject property, built in 1980 is located on a 6,251sf lot consisting of two (2) 2 bedroom/2 bathroom units, two (2) 2 bedroom/1 bathroom units, three (3) 1 bedroom/1 bathroom units and two (2) single-car garages.

James V. Carter, Senior Managing Partner of Apartment Realty Group (ARG) negotiated the transaction on behalf of the buyer.

Financing was arranged by Loren Shinohara at La Jolla Capital Group (10 year fixed at 5%, loan amount $675,000, 75% LTV).

For more information, please contact James V. Carter at (619) 222-9501, JCarter@ARG1031.com

Apartment Realty Group (ARG) is strategically focused on multi-family investments and has a proven track-record of value-added brokerage services. ARG has been able to provide sellers with specialized strategies to maximize property values by creating competition for each marketing assignment as well as providing buyers and 1031 exchange clients with sound investment options which are not generally available in the marketplace. Visit us online at: http://www.apartmentrealtygroup.com/

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Source:Apartment Realty Group (ARG)
Location:San Diego - California - United States
Industry:Real Estate
Tags:Apartment, Buildings, Complex, Sale, San Diego
Last Updated:Nov 10, 2012
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