Molokai Apartments in San Diego’s College East Neighborhood Sold for $11.2 Million

Vista International Inc. has completed the sale of The Molokai Apartments, a 39-unit multifamily property situated in San Diego's College East neighborhood, for $11.2 million. The acquisition was made by a private investor, highlighting continued interest in the region's housing market. The property, constructed in 1971, encompasses 32,204 square feet on approximately one acre at 5055 73rd Street.

The apartment complex offers a mix of unit types, including 27 one-bedroom, one-bathroom units and 12 two-bedroom, two-bathroom units. Residents benefit from features such as gated entry, convenient onsite storage options, ample off-street parking, and a swimming pool. Austin Ray Huffman and Chris Zorbas of Marcus & Millichap’s Zorbas Huffman Group in San Diego listed the property for Vista International Inc. Michael Wolf of Coldwell Banker West represented the private buyer in the transaction. This significant sale demonstrates the active investment landscape for established apartment communities in San Diego, providing developers and investors with insights into current market valuations for similar assets.