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Apartment on Coronado in OB sold

The Coronado Avenue Apartments, the four-unit Ocean Beach property at 4947-4951½ Coronado Ave., San Diego 92107, has been sold for $1.5 million, cash, or $375,000 per unit.

The buyer was Coronado 4 LLC, 1261 Redwood Lane, Lafayette, CA 94549.

The sellers of the property (assessor's parcel 448-161-09) were Thomas R. Lowe and Sarah L. Lowe, trustees of the Lowe Family Trust and of the Thomas R Lowe and Sarah L. Lowe Charitable Remainder Unitrust.

The buyer was represented by Bill Anderson, principal of ACRE Investment Real Estate Services. The seller was represented by Brain Raynoha and Norm Root, also of ACI. Escrow services were provided by Teresa McElaney, of Chicago Title. Cameron Aldrich, also at Chicago Title, provided the title insurance.

The apartment was constructed in 1951 on a 7,000-square-foot lot, and consists of one four-bedroom/two-bath house, one two-bedroom/one-bath unit and a pair of one-bedroom units.

The Coronado Avenue Apartments, the four-unit Ocean Beach property at 4947-4951½ Coronado Ave., San Diego 92107, has been sold for $1.5 million, cash, or $375,000 per unit.

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