Two family-owned complexes in North Park sold for $8,750,000 by Michael McCaffery and Ryan Brodmann, agents affiliated with the Del Mar office of Coldwell Banker Realty. Located at 4076-4088 Ohio St. in San Diego, the 22-unit Ohio St. complex sold for $6,400,000, and the six-unit Iowa St. complex, located at 4218-4128 Iowa St. in San Diego, sold for $2,350,000.
"Both properties were owned by the same trust, and we managed to list them within a week of each other, secure multiple offers, and close both transactions within days," said Brodmann. "The trustees couldn't have been happier with our work."
In the vibrant heart of North Park, the Ohio St. complex offers a garden-style, two-story walk-up. This sought-after property features two studios and 20 one-bedroom, one-bath units. On a spacious commercial lot, the Iowa St. complex has six charming one-bedroom cottages with their own water heaters. In addition, there are six garages available, a beautifully maintained courtyard and onsite laundry facilities, which are privately owned.
“Situated in North Park, one of San Diego's most desirable rental locations, the properties boast impressive walking scores of 96 or higher, earning the designation of a 'walker's paradise' according to walkscore.com," said Brodmann.
Photos by Sarah King of Tailor & Reach
Coldwell Banker Realty is one of the top brokerages in Southern California and operates 61 offices with approximately 4,693 affiliated agents. Real estate agents affiliated with the company are independent contractor agents and are not employees of the company. Coldwell Banker Realty is owned by a subsidiary of Anywhere Real Estate Inc. (NYSE:HOUS), the largest full-service residential real estate services company in the United States. For more information, visit ColdwellBankerHomes.com. CalDRE #01908304.
