San Diego Business Journal

La Mesa Apartment Community Sells for $12.2 Million

By Lou Hirsh Tuesday, December 10, 2013
Photo courtesy of CoStar Group

Photo courtesy of CoStar Group

Martin Woods Apartment Homes LP, a unit of San Diego-based Property West Residential, has purchased the 86-unit The Villas at La Mesa apartment community for approximately $12.2 million, according to brokerage services provider CBRE, which represented the buyer and seller.

The seller was Villa Apartment Homes LP, an entity of The Apartment Co. of Encinitas.

The community, built on 2.38 acres in 1971, is located at 8515 Chloe Ave., near Interstate 8 in La Mesa.