An Ocean Beach apartment complex has been sold for $18.3 million.
Interstate Enquiries Corp. of Los Altos acquired the complex at 4464 Castelar St. from The Groebli Revocable Trust of La Jolla.
Norm Root of ACI Apartments represented the seller.
The buyer was represented by Rob Horvath and Ryan Anderson of The Triqor Group.
The 45,302 square-foot complex has 60 apartments, 30 of which are about725 square feet with one bedroom and 30 of which are about 1,025 square feet with two-bedrooms.
Amenities include a pool, sauna and recreation room.
“The property is quite unique because the Groebli family developed this asset in the early 1970’s and has owned and operated it since. Thus, it has never been placed on the open market before now,” Root said.
Real estate reporter Ray Huard may be reached at email@example.com or 858-277-8904.