A 15-unit apartment property in Hillcrest has been sold for $6.05 million, according to a real estate brokerage.
“This property holds incredible value-add potential,” said Aaron Bove, senior managing director investments in Marcus & Millichap’s San Diego Del Mar office, adding that two hospitals are within walking distance,
Bove represented the seller, a trust and also secured the buyer, a limited partnership.
The property, 4043 1st Ave., has “condo-quality standards,” according to the broker and includes six one-bedroom/one-bath units and nine two-bedroom/two-bath units.
Marcus & Millichap (NYSE: MMI) is a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services.
