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Friday, Jun 9, 2023
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PB Apartment Complex Sells for $3.5M

A Pacific Beach apartment complex has been sold for $3.5 million.

The 5,766-square-foot property located at 1614-1620 Reed Ave. was sold by MUFG Union Bank as successor trustee of the Syvellen Baugh Living Trust.

The property was acquired by Millar Properties.

Built in 1958, the complex has four two-bedroom, one-bathroom apartments, four one-bedroom, one-bathroom apartments, and five parking spaces.

Terry Moore of ACI Apartments represented the seller.

The buyer was represented by Ray Adams of Kidder Matthews represented the buyer.


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