San Diego retail space sold for 4x's the price of 2002

Posted by Denny Oh on Sunday, February 9th, 2014 at 3:15pm.

You've probably noticed the newer development in Little Italy commonly referred to as Porto Siena Condos with their colorful orange, yellow and green facades.  The developer, Intracorp, completed the building in 2002 and shortly after sold the retail space for $1,275,000 to four partners (LTZ Properties LLC, Linda Susan Zweig, Tamara Sweig Koen and Anabella B. Koen).  

Fast forward to 2014 when Italy Adventure LLC has just bought the space for $5.5 million!  Porto Siena already has a full house of tenants in the retail space including Buon Appetito, Signa De Vino, Jazza Doro, and The Market by Buon Apettito.

Out of all the one two and three bedroom condos, there are only two condos on the market currently. They are both two bedrooms for under $450,000.  The condos come with your choice of set ceramic tile in the entry, wood flooring in the living area, designer lighting throughout, classic cast iron tub and many other extras.  Some of the views in the condos are amazing looking over Little Italy.  The community includes gated parking and community common areas for BBQ's and recreation.  

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