4335-4339 Hilltop Drive
Photo courtesy of ACRE Investment Real Estate Services.
Three San Diego apartment complexes were sold for a combined price of nearly $12.8 million.
The projects were at 3845-3859 50th St., 4335-4339 Hilltop Drive, and 5115-5117 Naranja St.
City Heights Apts, LLC bought the property from Jutonic, LP.
The buyer and seller were represented by Dylan E. Wright, vice president at ACRE Investment Real Estate Services.
Sold for $5.3 million, the complex at 3845-59 50th St. was built in 1986 with 21,136 square feet of rentable space on a 24,829 square-foot lot. It has 22 three-bedroom, two-bathroom apartments of 961 square feet.
The complex at 4335-4339 Hilltop Drive was built in 1985 with 24,000 square feet of rentable space on a 1.9-8 acre lot. It sold for $5.7 million and has 24 three-bedroom, two-bathroom apartments of 1,000 square feet.
Built in 1971, the complex at 5115-5117 Naranja St. has 5,752 square feet of rentable space on a 19,773 square-foot lot. It has two three-bedroom, 1.5- bathroom apartments of 850 square feet, four two-bedroom, one-bathroom apartments of 725 square feet, and two one-bedroom, one-bathroom apartments of 576 square feet and sold for nearly $1.8 million.