Search
 

Apartment Complex Commands $71,000 Per Unit

SAN DIEGO, CA-The 10-unit property stands at 4160 36th St. Completed in 1971, the 36th Street Apartments complex needs at least $30,000 worth of repair work. It was 100% occupied at the time of sale.

By Erin Cassin | Updated on August 20, 2002

SAN DIEGO, CA-A San Diego multifamily property that is in need of repairs has sold for $71,000 per unit.

The buyer, Thomas J. Perry, has shelled out $710,000 for the 10-unit 36th Street Apartments complex. “In hindsight, the interiors were in a lot better condition than I had expected, so it was a little underpriced,” says Pamela Ruegg of Hendricks & Partners, who represented the seller. However, she adds that the property does need about $30,000 to $50,000 worth of repair work. Completed in 1971, the complex is located at 4160 36th St. and does provide on-site parking for every unit. It was 100% occupied at the time of sale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.