July 15, 2014 – SAN DIEGO — The CASA RIVIERA APARTMENTS, a twenty-five (25) unit apartment complex located at 1450 Pacific Beach Drive, San Diego, CA 92109 in the Pacific Beach submarket has been sold for $6,330,895 according to James Carter, Managing Director of Apartment Realty Group (ARG) in San Diego. The three-story, approximately 18,288-square-foot building consists of three (3) three-bedroom/one-bath units, sixteen (16) two-bedroom/one-bath units and six (6) one-bedroom units, and also includes eleven (11) single-car garages.
Gary B. Urtiaga, Senior Vice President/Director of Apartment Realty Group (ARG) represented both parties in the transaction.
Apartment Realty Group (ARG) is strategically focused on multi-family investments and has a proven track-record of value-added brokerage services. ARG has been able to provide sellers with specialized strategies to maximize property values by creating competition for each marketing assignment as well as providing buyers and 1031 exchange clients with sound investment options which are not generally available in the marketplace. Visit us online at: http://www.ApartmentRealtyGroup.com/