November 9, 2011
The five residential units in North Park at 4342 Iowa St., San Diego 92104, have been sold for $561,000.
The buyer was Draper LLC, 7011 Draper Ave., La Jolla 92037. The members of Draper are Anthony John Henry Pauker and Kristee Anne Beres Pauker.
The acquisition was financed by a $350,000 loan secured by La Jolla Capital Group through Mission Federal Credit Union.
The sellers of the property (assessor's parcel) were David and Nicola Fiedler.
James V. Carter, senior managing director/principal of Apartment Realty Group (ARG) negotiated the transaction.
The rental units total 3,374 square feet and were constructed in 1956 on a 7,000-square-foot lot.
The rentals consist of three single-level detached units, and two units located in the rear building above four garages.
The unit mix consists of one two-bedroom/one-bathroom unit and four one-bedroom units, all with the original hardwood floors.
In November 2001, the property was sold for $450,000, with financing of $315,000.
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