The property is situated on a quiet hilltop site with easy access to Interstate 8 and Highways 125/94. Brokers for the deal note that the location provides convenient access to Mission Valley, Downtown and the beach. The one- and two-bedroom community features such amenities as resort-style pool, recreational/exercise facility, outdoor barbecue areas, and common laundry facilities.
Kevin Mulhern and Dick Schneider of CB Richard Ellis' San Diego Central office represented the buyer and seller in the transaction.
Countywide, apartment sales have reached their highest level in a decade, and rents in many areas continue to climb in the double-digit range as demand far outstrips supply.
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