Apartment Property in Pacific Beach Sold by Private Investor for $5.3 Million ...Middle East

1433 Thomas Ave. in Pacific Beach. Photo credit: Screen shot, Google Street View A 12-unit apartment building in Pacific Beach has been sold for $5.3 million, according to a real estate brokerage. Cole Silverman, an investment associate in Marcus & Millichap’s San Diego Del Mar Office, along with Carson Trujillo, first vice president, investments, represented the seller, a private investor. The site generated multiple competing offers before an all-cash buyer, Valentino Properties, Inc., a California corporation, completed the purchase. “After owning and managing the apartments for over 50 years, the sellers wanted to exchange their capital out of state into a passive investment wh

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Apartment Property in Pacific Beach Sold by Private Investor for $5.3 Million ...Middle East

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