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PB apartment sold for $1.04 million

The eight residential units in Pacific Beach at 2669-2673 Magnolia Ave., San Diego 92109, have been sold for $1.04 million.

The buyer was Magnolia Manor LLC, a California limited liability company, P.O. Box 785, Cardiff-by- the-Sea 92007, with Patrick J. Doyle and Gregory S. Milano as managers.

The acquisition was financed with a loan of $780,000 from Santa Barbara Bank & Trust.

The sellers of the property (assessor's parcel 424-111-09) were Grant H. Slawson and Victoria H. McCaffery.

The approximately 3,512-square-foot apartment consists of 10 bedrooms and eight bathrooms.

The duplex consists of two-bedroom, one-bath units built in 1952 and six one-bedroom, one-bath units that were added in 1957. The lot is on a cul-de-sac and totals 5,750 square feet.

The property was sold in April 2009 for $800,000.

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