Story by South Coast Commercial
July 24, 2019
“A gated Bankers Hill apartment complex has been sold for $4million.
The complex at 2308 Albatross St. was sold by the Charles V. Pipitone Family Limited Partnership of San Diego to DMJ Capital Partners based in San Diego.
Built in 1979, the complex has six two-bedroom, two-bathroom apartments that are about 1,100 square feet each.
The entire third floor of the building was the owner’s 3,000 square-foot penthouse, which the buyer plans to convert into three two-bedroom, two-bathroom apartments, said Cody Evans of South Coast Commercial, Inc. Evans represented the buyer.
The seller was represented by Adrian Gonzalez of South Coast Commercial.
Real estate reporter Ray Huard may be reached at rhuard@sdbj.com or 858-277-8904.”
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
South Coast Commercial – Your 1031 Exchange Partner
At South Coast Commercial (SCC1031), we specialize in helping investors navigate the complexities of 1031 exchanges with confidence and clarity. With decades of combined experience in commercial real estate, our team is dedicated to maximizing your investment potential while minimizing tax liability. We offer personalized strategies tailored to meet your unique financial goals.
Whether you're selling an apartment complex, retail space, or industrial property, SCC1031 is your trusted partner in identifying and securing high-performing replacement properties. Our extensive network and market insight allow us to source off-market opportunities and provide expert guidance through every step of the exchange process.
Located in the heart of Southern California, we understand the local market and bring a hands-on approach to every transaction. At SCC1031, we believe that success in real estate starts with the right strategy—and the right team.
Let us help you build long-term wealth through smart, tax-efficient investments. Contact South Coast Commercial today to learn how a 1031 exchange can work for you.
SCC1031 – Invest Smarter. Grow Stronger.
South Coast Commercial is a specialized commercial brokerage and asset management company.
SCC provides unparalleled performance to landlords, tenants, buyers and sellers of commercial properties.
© 2025 South Coast Commercial. All Rights Reserved.
South Coast Commercial, Inc.
3405 Kenyon St #411,
San Diego, CA 92110
(619) 226-6011
info@scc1031.com
DRE# 01846358