The six-unit apartment in Ocean Beach at 5074-5080 Santa Monica Ave., San Diego 92107, has been sold for $1,465,000.
The buyer was Marcia Lynn Matassa, successor trustee of The Mills Trust, 1526 Virginia Road, Fullerton 92831.
The acquisition was financed with a loan of $835,000 from JPMorgan Chase Bank (NYSE: JPM).
The seller of the property (assessor's parcel 448-091-35) was 5074-5080 Santa Monica Avenue LLC, a California limited liability company. Thomas J. Bryan Jr. and David B. Bee are managing partners of the seller.
The building was constructed in 1951 on a 7,000-square-foot lot a block from the ocean.
The approximately 3,446-square-foot apartment consists of 10 bedrooms and six bathrooms.
The property includes four garages on an alley recessed under units.
The property was sold in May 1984 for $350,000, with financing of $290,000.