September 4, 2014 – SAN DIEGO — The Talmadge Palms Apartments located at 4480 Euclid Avenue has been sold for $3,340,000. Located in the Talmadge submarket of Central San Diego, this twenty (20) unit apartment community consists of eleven (11) 2bedroom/1bathroom units, seven (7) 1bedroom/1bathroom units, two (2) studio units and ten (10) garages on a 18,369 sf lot. The buyers, a California-based partnership, were executing a 1031 exchange. The seller initiated an exterior and interior rehabilitation of the property over the last 12 months.
James Carter of Apartment Realty Group (ARG) represented the seller on this 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. For more information you can visit us online at: www.ApartmentRealtyGroup.com