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San Diego
Saturday, May 18, 2024
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Pacific Beach Apartment Complex Sold

 A Pacific Beach apartment complex has been sold for $8.7 million.

The Chalcedony House, 1727 Chalcedony St., was acquired by Insight Investments Partners with plans to renovate the apartments.

The sellers were the Louis Otto Emme Trust and the Caietti Family Trust.

Anni Grimes at Coldwell Banker Commercial represented the sellers. Insight Investment represented itself.

Built in 1969, the property had been family-owned and operated for the past 35 years.

The two-story Chalcedony House has 24 apartments on an 18,124 square-foot lot.

There are 20 one-bedroom, one-bathroom apartments of 680 square feet to 720 square feet and four two-bedroom, two-bathroom apartments of 900 square feet to 930 square feet.

The apartments have private balconies, skylights, and dishwashers. The complex also has a laundry room and 24 assigned parking spaces.

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