By JAMES PALEN, The Daily Transcript
Thursday, July 14, 2011
The lender-owned apartment complex at 4963 35th St. in the Normal Heights neighborhood of San Diego has sold for more than $1 million cash.
Apartment Realty Group represented the seller, 4639 35th Street LLC, which, according to ARG Managing Director James V. Carter, was the San Diego-based private lender that took possession of the property around four years ago. ARG procured more than 10 written offers on the 5,500-square-foot, eight-unit property before closing escrow with the all-cash buyers, Gerald G. Gossman and Rose M. Gossman, for $1,087,500.
Built in 1962, the complex contains six two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units.
Carter spearheaded the sale, while Don Warfield of Donald Warfield & Associates represented the buyer.
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