Two-Story OB Apartment Complex on West Pt Loma Sold

by on August 4, 2014 · 6 comments

in Economy, Environment, Ocean Beach

OB West Pt Loma 5065 streetA two-story, 8-unit apartment complex on West Pt Loma Blvd was just sold for $1,675,000, cash.

The single building complex is located at 5065 West Pt Loma and is a 4,224-square-foot apartment building with only 8 bedrooms and bathrooms.

The building was originally constructed in 1959 on a 5,000-square-foot lot (assessor’s parcel 448-131-09).

OB West Pt Loma 5065Muse Holdings LLC was the buyer – c/o Utopia Realty Advisors LLC, 4617 Ruffner St., San Diego 92111.

Kristen K. Pieper, trustee of the Kristen K. Pieper 2010 Separate Property Trust, was the seller.

This sale adds to the already busy West Pt Loma Boulevard area of OB in the northwest quadrant.

News source: The Daily Transcript (subscription) from Friday, August 1, 2014

{ 6 comments… read them below or add one }

avatar Korla Eaquinta August 4, 2014 at 3:01 pm

What are the plans for this building?

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avatar John O. August 5, 2014 at 10:34 am

I don’t understand this statement.
“This sale adds to the already busy West Pt Loma Boulevard area of OB in the northwest quadrant.”
The property already existed there?? How does it being sold change anything?

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avatar Tyler August 5, 2014 at 10:45 am

I think the staff means real estate activity in that area has been busy.

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avatar Frank Gormlie August 5, 2014 at 11:28 am

Yup, I agree with Tyler, and there has been a bunch of real estate activity along West Pt Loma lately.

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avatar John O. August 6, 2014 at 1:55 pm

Oh ok. Now it makes sense.
Well, OB is still a “bargain” compared to other coastal areas. With money markets stagnating and coastal real estate always being a sound investment, seems like the buyer got a fair deal.

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avatar John August 6, 2014 at 8:18 pm

Ha. Look at the shack next to it. Classic war zone. I miss those days.

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