Northmarq arranges $2M sale of 16-unit Crestline Drive multifamily housing community in Lemon Grove, CA
LEMON GROVE, Calif. (April 14, 2025) — Northmarq’s San Diego Multifamily Investment Sales team led by Benn Vogelsang successfully completed the $2 million sale of 2555-2571 Crestline Drive, a 16-unit multifamily housing community in Lemon Grove, California.
Northmarq represented the seller, Anthem Real Estate Ventures, Inc. The buyer was Crown Inn LLC.
“Through extensive marketing and cooperation, we were able to find a unique buyer for a unique asset," Vogelsang said.
The 2555-2571 Crestline Drive multifamily community features three residential structures that include studio, one-bedroom and two-bedroom units. The property includes detached storage units. The community includes large common areas that include a shared kitchen, a TV/living area, and patio space. Ample parking is available, with some being covered. Laundry and internet are provided to tenants.
Conveniently located in Lemon Grove, 2555-2571 Crestline Drive is just blocks from State Routes 94 and 125. It is roughly one mile from shops, markets, restaurants and more in downtown Lemon Grove, and it is roughly 10 miles from downtown San Diego.
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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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.