Disclaimer: I am not an attorney and this article is not intended as a substitute for advice from the appropriate legal, zoning, financial, construction and/or tax professionals. This information is provided for educational purposes only and is made without warranties or representations
Erik Egelko, a commercial real estate broker with SVN Vanguard’s San Diego office has successfully brokered a deal for the 1708 Robinson Ave a duplex in the Hillcrest submarket of San Diego.
The property (2) 2 bedroom units, both fully renovated. The seller will be doing a 1031 exchange. Closing for $1,000,000, this property was sold off-market at 100% of the asking price with no seller credits.
Egelko (listing broker) commented, “This sale is reflective of the continued demand for turnkey properties for entry-level investors”