The Ocean Beach corner property a block from Ocean Beach Park at 1984-92 Abbott St. and 5113-19 Saratoga Ave. in San Diego 92107, has been sold for $3.8 million, cash.
The buyer was 1984 Abbott LLC, c/o Clark Realty Capital LLC, 3655 Nobel Drive, Suite 500, San Diego. Clark Realty is an Arlington, Va., headquartered real estate company.
The new ownership plans on developing 12 new townhomes with an average projected unit floor plan of 1,200 square feet. Currently, the property has 16 rental units.
The property seller (assessor's parcel 448-010-18) was Abbott and Saratoga, LLC, whose members are Tony Struyk, Theresa Struyk, Todd Struyk, Pamela Struyk and Oakcrest Manor SD Inc. Tony Struyk is president of Oakcrest.
Tim Winslow, Ray Adams, Jason Kimmel and Kelly Strickland, of Cassidy Turley BRE Commercial represented the buyer and seller.