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Ocean Beach International Hostel sold

The 28-room, 6,016-square-foot Ocean Beach International Hostel at 4961 Newport Ave., San Diego 92107, has been sold for $1.5 million.

The buyer was Dr Hostels LLC, P.O. Box 60965 Boulder City, NV 89006, with David A. Reuter as the manager.

The seller was John C. Asher, trustee of the John C. Asher Trust.

The seller took back a first trust deed for $220,000, a second for $1,055,000 and a third for $405,000 as Hostel Group, P.O. Box 33226, San Diego 92163.

The building was constructed in 1930 on a 7,000-square-foot lot.

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