Northmarq announces sale of San Diego garden-style apartments for $4.33 million

4051-61 Euclid Ave
20-unit multifamily property in San Diego

SAN DIEGO (June 5, 2024) — Northmarq’s San Diego Multifamily Investment Sales team of Benn Vogelsang, senior vice president, and Erik Anderson, senior vice president, successfully brokered the $4.33 million sale of a 20-unit multifamily property in San Diego, Calif. Built in 1957, the apartment community is situated at 4051-61 Euclid Avenue in the Colina Del Sol neighborhood.

“This transaction shows the market for workforce housing with value-add potential,” said Vogelsang. Northmarq represented the seller, TRI-Arch Properties LLC. The buyer was Euclid Realty LLC.

The two-building property features two-bedroom, one-bathroom apartment homes, five double garages and on-site laundry facilities. 4051-61 Euclid Ave. offers access to Colina Del Sol’s diverse dining and shopping and a short 7-mile drive to Downtown San Diego. Additionally, the multifamily community is within 10 miles of Balboa Park, Mission Beach, Sea World and the San Diego International Airport. 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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