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Apartment in Ocean Beach on Cape May sold

The 10-unit apartment in Ocean Beach at 5058-5072 Cape May Ave., San Diego 92107, has been sold for $2.8 million.

The buyer was Morena Properties Inc., P.O. Box 910911, San Diego 92191, with Stoyan Gogov as the president.

The acquisition was financed with a loan of $11,625,000 from JPMorgan Chase Bank (NYSE: JPM).

The seller of the property (assessor's parcel 448-102-04) was Kerry Sean McLoughlin.

The one-story, approximately 6,668-square-foot apartment consists of 15 bedrooms and 11 bathrooms.

The apartment was constructed in 1951 on a 14,000-square-foot lot.

The property was sold in November 2005 for $2,575,000.

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