Story by South Coast Commercial
September 6, 2010
Monday, September 6, 2010
The 13-unit apartment complex at 305-329 Palm Ave., Coronado 92118, has been sold for $2.8 million.
The buyer was Rich Investments-305 Inc., 222 Playa del Norte, La Jolla 92037. Neville Rich is the president of Rich Investments.
The property sellers (assessor’s parcel 536-202-01) were Dale R. McBride as trustee of the McBride Revocable Living Trust (80 percent), and the Southeastern California Conference of Seventh-Day Adventists, a California nonprofit religious corporation (20 percent). The seller, 1025 Eastside Road, El Cajon 92020, took back a trust deed for $1.87 million.
The seller was represented by Seth Watje and David Cameron, of South Coast Commercial Inc. The buyer was represented by Joe Ramos, also of South Coast Commercial. The apartment occupies a 14,000-square-foot corner lot at Palm, 3rd St and H Avenue, and consists of a dozen one-bedroom units and one studio. The property also includes nine garages.
The sale price equates $201.44-per-square-foot and an average of $215,385 per unit.
source: San Diego Daily Transcript
3968-74 Oregon Street San Diego
CA 92104
2,834ft | 4 Units | $2,200,000
726 E Grand Ave
Escondido, CA 92025
6,130ft | $2,350,000
1852 Ivy Rd
Oceanside, CA 92054
$1,750,000
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