SAN DIEGO-A San Diego multifamily complex has been snatched up by an investment firm in a deal valued at $1.3 million. The circa 1960 property, known as Court Carlyle, stands at 737 60th St.

Buyer Four Points Investments of La Mesa has acquired the apartment complex from William D. Lynch of Rancho Santa Fe. The transaction was brokered by Chad Bramwell of the San Diego office of Hendricks & Partners.

The Carlyle Court sale is the latest in a string of apartment transactions to close in the San Diego region, as investment interest here continues to grow. According to a recently released report by RealFacts, “Institutional investors, who have turned away from many areas where rents declining and occupancy rates are in the low 90s, turn to the San Diego market as a safe haven for their capital. And private investors are following suit.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.