Partnership Led By Local Investor Buys Apartment Building Near North Park For $5.85M

San Diego CA

17 December, 2021

8:36 PM

Description

By Editor, Times of San Diego December 16, 2021 A 19-unit apartment property north of Switzer Canyon has been sold to a partnership led by a local investor, officials said. Littrell Properties sold Roosevelt Court for $5.85 million, according to Marcus & Millichap (NYSE: MMI), a commercial real estate brokerage firm. Christopher J. Zorbas, executive managing director of The Zorbas Group in Marcus & Millichap's San Diego Del Mar office, along with two associates, Austin Huffman and David Daniel, had the listing. They also secured the buyer, local investor David Hamilton, along with his partners. Roosevelt Court, located at 3016 Quince St., is comprised of one studio, 14 one-bedroom units and four two-bedroom units totaling 11,800 rentable square feet. In addition, 11 of the 19 spaces have been extensively renovated, according to Marcus & Millichap. 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.