Real Estate Briefs


October 1, 2012


Apartment on Hamilton in North Park sold

The 12-unit apartment in North Park at 4201-4223 Hamilton St., San Diego 92104, has been sold for $1.7 million, cash.

The buyer was SRM Investments, LLC, c/o Michael Praggastis, 5694 Mission Center Road, Suite 602-630, San Diego 92108.

The sellers of the property (assessor's parcel 445-422-10) were Salvatore and Maria Zizzo.

The multibuilding property consists entirely of one-bedroom units. The one- and two-level apartment includes six garages on an alley in the rear and four parking spaces. The approximately 7,800-square-foot apartment occupies a 12,881-square-foot corner lot.

El Cajon apartment sold for $1.06 million

The six-unit apartment at 508 N. Third St., El Cajon 92019, has been sold for $1.06 million.

The buyers were George Brian Dall and Nanette Marie Dall, trustees of the 2008 George Brian Dall and Nanete Marie Dall Revocable Trust, 8917 La Mesa Blvd., La Mesa 91942.

The acquisition was financed with a loan of $530,000 from JPMorgan Chase Bank.

The seller of the property (assessor's parcel 511-014-19) was Empress Apartments, LLC, with its managing member Elizabeth Rigali, trustee of the Elizabeth Rigali 2000 Revocable Trust.

The approximately 6,712-square-foot apartment consists of 18 bedrooms and 12 bathrooms. The apartment was constructed on its 33,106-square-foot lot in 1942.

The property was sold in July 2001 for $620,000, with financing of $430,000 from Southern Pacific Bank. In January 2005, the property was sold for $1.4 million, with financing of $1.3 million from International City Bank.


October 1, 2012