San Diego, CA – January 19, 2024 - Lee & Associates - NSDC, is excited to announce the sale of 1058 21^st St, a historical residential/mixed use property in San Diego.

 

This vernacular-style home was originally constructed as a single-family residence and later converted into an office space, operating seamlessly for over 35 years. Despite the building's age, it remained well maintained throughout multiple decades of ownership.

 

The comprehensive marketing plan, officially launched on 07/01/2023, proved highly successful, with the property under contract within 30 days of hitting the market. Despite a prolonged escrow period at the seller's request, the transaction concluded on January 5, 2024, with "The Kahle Residence" fetching an impressive $1,196,000, equivalent to $638.88 per square foot.

 

"The housing market in San Diego is dynamic, and 'The Kahle Residence' presented a unique opportunity. Our strategic approach ensured a swift and successful transaction, showcasing Lee & Associates - NSDC's commitment to achieving optimal outcomes for our clients," commented Eric von Bluecher, Principal at Lee & Associates - NSDC.

 

The new owners are committed to restoring the property to its former glory as a single-family home, embracing and preserving its timeless vintage charm and style.

 

This transaction further solidifies Lee & Associates - NSDC's position as a leading force in the commercial real estate market, exemplifying the team's ability to navigate complex deals and achieve optimal outcomes for their clients.