Pacific Beach Apartments Sell for $3.25 MillionSunday, March 12, 2017
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.