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Van Dyke Apartments

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East San Diego Property Sells for $2 Million

An apartment property located in East San Diego was sold of $2.01 million on June 16. The property was purchased by Leahigh LP from seller, Bulldozer 27 LLC.

The property was sold by a private trustee and the heirs of the recently deceased owner.

The sellers were represented in the deal by Corey McHenry and Peter Scepanovic with Colliers International in Carlsbad. The property was sold for roughly $182,727 per unit.

Originally listed for $2.5 million, the property was sold at a 19 percent discount, or roughly $485,000 less than listed. The property was on the market for 41 days.

Comprised of 11 units, the property features a mix of one- and two-bedroom units, which average roughly 690 square feet. The two-building property is ranked as a two-star, low-rise apartment and features 12 surface parking spaces, a pair of one-car garage spaces and three two-car garage spaces.

The property features laundry facilities on site. Located at 3738-3740 Van Dyke Avenue, the buildings sit on 10,454 square feet of land near Interstate 15 and City Heights Weingart Library.

kamila_knaudt@dailyjournal.com

Related Experts

Peter Scepanovic

Executive Vice President

Carlsbad

Peter specializes in the sale of Multi-Family Investment Real Estate throughout Southern California, with a specific emphasis on the San Diego area.  In his 30+ year career he has been involved in transactions in excess of “One Billion Dollars”, representing Private Capital, Institutional Clients, and Lenders.  Peter has received numerous “Top Producer” awards, and has been previously awarded the designation as the “Colliers International Top Apartment Broker in the Nation”.   Peter also is a 2015 inductee in the Colliers International Everest Club - Top 10 Percent of all Colliers Professionals in the Americas Region (North and South America).
 

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Corey McHenry

Senior Vice President

Carlsbad

Corey specializes in the sale of Multi-Family Investment Real Estate throughout Southern California, with a specific emphasis on San Diego County.  Having  joined Colliers in 2008, Corey is a member of the San Diego Multi-Family Advisory Group along with Peter Scepanovic.  Since 2007, Corey has completed in excess of $600 Million of real estate transactions, representing Private Capital, Institutional Clients and Lenders.  The Scepanovic-McHenry San Diego Multi-Family Team  is the top Multi-Family Brokerage Team in the Colliers  San Diego  Region.  Prior to joining Colliers, Corey began his career at Cushman & Wakefield.


Outside of the office, Corey is very involved in the Big Brothers Big Sisters of San Diego and Homes of Hope charitable organizations.

TEAM WEBSITE: ScepanovicMcHenryApartments.Colliers.com

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