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Apartment in Pacific Beach on Wilbur sold

The five-unit apartment property in Pacific Beach at 1016-1020 Wilbur Ave., San Diego 92109, has been sold for $1,603,000.

The buyer was Joehnk LLC, a Wyoming closed limited liability company, 345 Via del Norte, La Jolla 92037. Karsten Joehnk and Susan R. Joehnk are the managers of Joehnk LLC.

The acquisition was financed with a loan of $750,000 from JPMorgan Chase Bank (NYSE: JPM).

The sellers of the property (assessor's parcel 415-421-18) were Cathy Lee Rogowski and John H. Lee.

The apartment was constructed in 1970 on a 3,123-square-foot lot.

The approximately 3,741-square-foot apartment consists of six bedrooms and four bathrooms.

The property was sold for $1,175,000 in June 2012. Previously, in the fall of 2007, the property was sold for $1.12 million.

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