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SAN DIEGO-One of the stronger products types in the region – multifamily properties for sale – remain red hot with numerous deals recently changing hands, totaling more than $27 million. The Monterey Apartments is not a large complex, counting only 15 units. But the property is located in Coronado, which boasts the most expensive land prices/sf of any residential area in San Diego, and its recent sale topped $7.1 million or roughly $475,000 a unit. The complex is set for a conversion to condos.In the deal, DJF LLC acquired the property from 440 Orange Coronado Inc. Eric Comer and Jim Neil of CB Richard Ellis Inc. represented the seller, while the DJF LLC was represented in-house. The Monterey has a Spanish Colonial style and is within walking distance of the ocean and Spreckles Park.In other activity, Diane Miramontes and Darcy Miramontes of Grubb & Ellis|BRE Commercial recently brokered two separate multifamily deals totaling $12.2 million. The apartments, Delta Village and Villa Serena, count 108 units. Both properties are located on Delta St. in San Diego's Southcrest community. The seller was DELTA 72 LP and JNT Real Estate Investment Fund LLC, both managed by Davlyn Investments. The Miramontes team represented the seller. The buyer of the two properties was Delta Village Housing Associates, a subsidiary of Community Housing Works. Comer of CB Richard Ellis represented the buyer. In another deal, Whitecaps sold for more than $7.8 million. The 41-unit property located at 2556 Chicago St. was sold by private San Diego investors to Jeff Daley. Chad Bramwell and Dick Bassett of the San Diego office of Hendricks & Partners brokered the deal.Diane Miramontes commenting on the strength of the local multifamily investment market comments that: "Population growth, a steady economy, the high cost of for-sale housing, and the shortfall of land to develop new housing continue to drive the market for well located multifamily projects."