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A seven-unit apartment property in Normal Heights has been sold for $2.6 million, a brokerage announced.

Normal Heights Apartment Building, Off Market for Years, Sells for $2.6 Million - Times of San Diego Close HOMES JOBS Search for: Search All Articles Politics Crime Business Sports Education Arts Military Tech Health Life Opinion Obituaries Press Releases About Staff Contact Support Advertise Post an Obituary Media Kit FAQ Privacy Policy Terms of Service Facebook Twitter Instagram RSS Close Skip to content About Staff Contact Support Advertise Post an Obituary Media Kit FAQ Privacy Policy Terms of Service Facebook Twitter Instagram RSS Times of San Diego Local News and Opinion for San Diego HOMES JOBS Open Search Search for: Search Menu All Articles Politics Crime Business Sports Education Arts Military Tech Health Life Opinion Obituaries Press Releases Home » Business » Normal Heights Apartment Building, Off Market for Years, Sells for $2.6 Million Posted inBusiness Normal Heights Apartment Building, Off Market for Years, Sells for $2.6 Million by Editor 14 hours agoDecember 30, 2023 Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pinterest (Opens in new window)Click to email a link to a friend (Opens in new window)Click to print (Opens in new window) 4368 Wilson Ave. Photo credit: Courtesy, Marcus & Millichap A seven-unit apartment property in Normal Heights has been sold for $2.6 million, a brokerage announced. The building, at 4368 Wilson Ave., was on the market for the first time in 24 years. The transaction is the highest price-per-unit sale in the community in the last 11 months for those that include five or more units. Get Times of San Diego Daily by Email We'll send you the top local news stories every morning at 8 a.m. Subscribe By clicking subscribe, you agree to share your email address with Times of San Diego to receive our free newsletter and breaking news alerts. We won't use your email for any other purpose, and you can opt out at any time via an unsubscribe link. Processing… Success! You're on the list. Whoops! There was an error and we couldn't process your subscription. Please reload the page and try again. “The property was a long-term investment for the seller who was ready to move their equity out of California,” Ben Sierpina, a senior associate in Marcus & Millichap’s San Diego Downtown office, said of the unnamed private investor, who resides out of state. “The buyer was motivated to purchase the property based on the location, upside through renovation and the planned addition of an ADU.” Sierpina and Raymond Choi, senior vice president, investments in the firm’s San Diego Downtown office, represented the seller and also secured the buyer, a limited liability company also located out of the region. The building, originally constructed in 1979, includes a three-bedroom/two-bath townhome and six one-bedroom/one-bath units. Three of the units have been partially renovated, and the property comes with approved plans for a garage to be converted into an ADU, or accessory dwelling unit.. Marcus & Millichap (NYSE: MMI) is a commercial real estate brokerage specializing in investment sales, financing, research and advisory services. Support Times of San Diego With the generous support of readers like you, Times of San Diego publishes timely and accurate news coverage for a better-informed community. Help us grow with a monthly contribution. Become a supporter   Advertisement Advertisement Tagged: Marcus & Millichap, Normal Heights, san diego real estate GET TIMES OF SAN DIEGO BY EMAIL Our free newsletter is delivered at 8 a.m. daily. Enter address: Leave this field empty if you're human: LATEST NEWS Woman Killed After SUV Smashes Through I-805 Barrier, Crashes in Street Below Sidewalk, Storm Drain Projects Proceeding on Rock Springs Road in Escondido Supervisors Approve Program to Offer $500 in Rental Assistance to Seniors in Need Federal Appeals Court Upholds New California Law Banning Handguns in Public Places It’s Not too Late to Play: Powerball Jackpot Grows to $760 Million Most popular stories Falck Ambulance En Route to Hospital Collides with Sedan in Chula Vista Crystal Pier in Pacific Beach Closed to Visitors Due to High Surf North County Woman Behind 'Valitar' Pleads Guilt in Murder-For-Hire Attempt Photo Gallery: 15-Foot Surf Prompts Flood Advisory for San Diego County Beaches Woman Stabbed to Death in San Marcos Identified as Angela Marie Lanway, 42 © 2023 Times of San Diego LLC. Proudly powered by Newspack by Automattic Facebook Twitter Instagram RSS 1