The investment property is located at 7481-87 Mohawk St. The buyer was the Saranac Partnership LP. The seller was La Mesa 78 Associates.
Peter Scepanovic of Colliers International represented the buyer. Steve Huffman and Jules Arthur of Hendricks & Partners represented the seller.
The two building apartment complex was built in 1970 and recently renovated by the seller. The project consists of 55 one-bedroom, 16 two-bedroom, and 7 three-bedroom units. Andrew Gilligan of Washington Mutual Bank arranged financing for the sale.
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