Apartment Complex Sold for $7.7 Million

San Diego Business Journal

Posted In — News & Press | In the News

A 24-unit apartment complex in the Point Loma Heights neighborhood sold for $7.7 million.

The complex at 1770 Evergreen St. was purchased by AMG Evergreen Apartments LP from the seller.

Kidder MathewsEric Comer, Jim Neil, and Merrick Matricardi represented the buyer, with Steve Huffman and George Mazis acting as principals in the negotiations.

The seller, Kathryn Hattox Trust, was represented by Jim Scott of Scott & Quinn Real Estate, according to Kidder Mathews.

The property, built in 1965, features a mix of one- and two-bedroom apartments. The average price per unit comes to $320,660. There at 10 two-bedroom and 14 one-bedroom units. The amenities include, laundry, tile floors, views, a zen garden and on-site manager.

According to Kidder Mathews, the property will be managed by Atlas Management Group.

For the full story, go to the San Diego Business Journal.

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