Bay Park Apartment Building With Views Of Mission Bay Sells For $5.84 Million

San Diego CA

24 July, 2021

4:16 PM

Description

By Editor, Times of San Diego July 24, 2021 A private trust sold a 20-unit apartment complex in Bay Park for $5.84 million, officials said. Sunset Studios, located at 2821 Morena Blvd., includes oversized studio units, along with 20 off-street parking spaces, on-site laundry and expansive views of Mission Bay. The property also is located in a "Complete Communities" zone, a city of San Diego initiative with a planning focus on housing, mobility, parks and infrastructure. The building, constructed in 1977, had not been on the market in 39 years. Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, represented the seller. Raymond Choi, senior vice president for investments in Marcus & Millichap's downtown office, had the exclusive listing. The firm did not release information on the buyer. Times of San Diego is an independent online news site covering the San Diego metropolitan area. Our journalists report on politics, crime, business, sports, education, arts, the military and everyday life in San Diego. No subscription is required, and you can sign up for a free daily newsletter with a summary of the latest news.