San Diego Business Journal

North Park Apartment Complex Sells for $7 Million

Monday, November 18, 2013

Directeur LLC and Immobilier Funds of Rancho Santa Fe have purchased the 28-unit Cota Arms Apartments in North Park for $7 million, according to CoStar Group and public data.

The seller of the property, at 4111 Illinois St., was 4111 Illinois LLC of Orange, Calif. The buyer was represented by brokerage company Hendricks Berkadia.

The 27,113-square-foot property was built on 0.27 acres in 1965 and has since been renovated. It was fully occupied at the time of sale.

— SDBJ Staff Report