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San Diego
Thursday, Oct 6, 2022
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Little Italy Apartment Building Sold

A Little Italy apartment building has been sold for $64.4 million.

Known as Eighteen Ten State Street for its address, the eight-story building was sold by McMillin, LLC.

The buyer was not disclosed.

Averaging 721 square feet, apartments in the building have wood-plank style flooring, floor-to-ceiling windows, bay and city skyline views, nine-foot ceilings, walk-in closets, in-unit laundry, quartz countertops, and stainless steel appliances.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Darcy Miramontes, Director Kip Malo, Senior Managing Director Tim Wright, and Associate Bharat Madan.

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“With the strength of the San Diego market and Little Italy’s clear path for rent growth, the new owners have the opportunity to benefit from a stable, cash-flowing asset within this highly sought-after neighborhood,” Miramontes said.

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