A Normal Heights apartment building has been sold for nearly $4 million.
The 5,272-square-foot building at 4774 33rd St. was sold by Shipmate Property Investments, LLC to Valentino Properties.
The fully occupied complex has eight apartments in a mix of one-bedroom and two-bedroom units.
Joe Brady of Urban Property Group represented the seller.
The buyer was represented by Anelia Genchev of Century 21 Award.
“San Diego has recently welcomed more residents from higher-cost cities such as Los Angeles and the San Francisco Bay area, so the apartment market is still in strong demand as occupancies continue to escalate and rent continues to grow,” Brady said. “With sustained growth in San Diego, multifamily properties will continue to be desirable investments.”
