Real Estate
Investor Buys Barrio Logan Parcel For $5 Million, Plans To Build 70 Apartments On Site
The 35,000-square-foot plot of land would also include workspace on the ground floor.
July 31, 2022
A nearly 35,000-square-foot plot of land in Barrio Logan earmarked for housing has been sold for $5 million, according to a commercial broker.
Find out what's happening in San Diegofor free with the latest updates from Patch.
Aaron Bove, a senior vice president in Marcus & Millichap’s San Diego Del Mar office, represented the seller, an individual/personal trust. He also represented the buyer, a limited liability company.
The investor intends to build around 70 “modern” multi-family apartment units on the land, at 1741 Newton Ave., near Chicano Park. The site would include workspace on the ground floor.
Find out what's happening in San Diegofor free with the latest updates from Patch.
Marcus & Millichap, a commercial real estate brokerage firm, offers investment sales, financing, research and advisory services.
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.
