SAN DIEGO, CA – April 24, 2019 – HFF announces the $2.875 million sale of 4183 Alabama Apartments, a nine-unit, garden-style apartment property in San Diego, California.

The HFF team represented the buyer, a private investor who purchased the asset as part of a 1031 exchange. The investor’s legal representation was provided by the law offices of J. Geoffrey Barry, Esq.

4183 Alabama Apartments is located in the North Park submarket proximate to some of San Diego’s best restaurant, nightlife and retail amenities as well as recreational amenities at Balboa Park.  The property also offers residents convenient access to major area thoroughfares, including CA-163 and Interstates 8 and 805.  Originally built in 1975, the property totals 6,000 rentable square feet and was 100 percent occupied at closing.

The HFF investment advisory team representing the buyer was led by senior director Hunter Combs.