1051 Diamond St. -- Photo courtesy of Marcus & Millichap

1051 Diamond St. -- Photo courtesy of Marcus & Millichap

A South Dakota-based buyer recorded as Calowa Investments LLC has acquired an eight-unit apartment property in San Diego’s Pacific Beach neighborhood for approximately $3.25 million, according to brokerage firm Marcus & Millichap.

The seller of the property, at 1051 Diamond St., was 1051 Diamond Street LLC of Laguna Hills, represented by Marcus & Millichap’s Raymond Choi.

According to brokers and CoStar Group, the property was built in 1969 and underwent a full renovation in 2015. The buyer is based in Vermillion, S.D.