One of the largest Ocean Beach apartment complexes in the community has just been sold for $18.3 million.
The 60-unit complex at 4464 Castelar Street in northeast OB was sold to Interstate Enquiries Corp. of Los Altos by the Groebli Revocable Trust of La Jolla. Supposedly the property had never been placed on the open market before.
The Groebli family developed the 45,302 square-foot complex in the early 1970’s and have owned and operated it ever since.
Somewhat hidden away from street traffic – except for busy Nimitz – in the back avenues of the northeastern sector of Ocean Beach, the large apartment complex contains 30 apartments of about 725 square feet with one bedroom and 30 apartments of about 1,025 square feet with two-bedrooms.
There’s also a pool, sauna and recreation room.
News source: San Diego Business Journal
