Apartment Realty Group sells North Park 8-unit property for $2.1 million

Apartment Realty Group closed the sale of a value-add 8-unit multifamily property at 4018 Hamilton St. in San Diego’s North Park for $2.1 million. The deal underscores continued investor interest in walkable, supply-constrained neighborhoods with room for upgrades and rent growth.

Why it matters: - North Park remains one of San Diego’s strongest rental-demand submarkets, and the sale shows buyers are still paying for walkable infill housing with value-add upside. - The property’s cottage-style units, onsite laundry and location near local boutiques and restaurants add appeal for both tenants and investors.

What happened: - Apartment Realty Group brokers Angelo La Bruna, Senior Vice President, and Caleb Mancini, Senior Associate, represented both the seller and the buyer in the sale. - The 8-unit multifamily property at 4018 Hamilton St., San Diego, CA 92104 sold for $2,100,000. - The transaction closed in North Park, a high-demand neighborhood with a 94 WalkScore.

The details: - The asset includes seven 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit. - The building sits on a 7,020-square-foot lot. - Tenant amenities include an onsite laundry facility and cottage-style units. - La Bruna said the team used a targeted marketing strategy that generated multiple offers on the property.

Between the lines: - The sale price suggests buyers continue to value smaller multifamily assets in neighborhoods with strong livability and limited supply. - The property fits a classic value-add profile: stable unit mix, desirable location and room for improvements after closing.

What's next: - The buyer is expected to pursue improvements to the property, though no renovation plan was disclosed. - North Park will likely remain a focus for investors seeking rental-demand resilience and repositioning opportunities.

The bottom line: - A well-located 8-unit building in North Park changed hands for $2.1 million, reinforcing investor demand for walkable San Diego multifamily assets with upside potential.