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Saturday, Jun 10, 2023
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Apartment Complex Sold For $3.7M

A Cherokee Point apartment complex has been sold for $3.7 million.

Pathfinders Tradewinds 35th Street Holdings, LLC acquired the property from Loginovs A, LLC.

The 10,875 square foot project at 3846-3850 35th St. has 12 apartments – eight thee bedroom, two-bathroom apartments and four two-bedroom, two-bathroom apartments. They range from about 900 square feet to about 1,100 square feet, according to CoStar, a real estate tracking service.

Pathfinders plans to raise rents and renovate the interior and exterior of the buildings and add washer-driers in the apartments.

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Abe Peay and Jeff Diller, senior associates at South Coast Commercial Inc., represented both parties in the transaction.

Real estate reporter Ray Huard may be reached at rhuard@sdbj.com or 858-277-8904.

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