A National City entity recorded as 2525 Highland Avenue has acquired a 35-unit apartment property in San Diego’s Rolando neighborhood for $4.9 million, according to CoStar Group and public data.
The seller of the property, formerly known as Belmont Apartments at 4333 College Ave. was Sieger Family Trust.
The property was built on 0.69 acres in 1965.
According to La Jolla Capital Group, which handled the mortgage on the deal, the buying parties also included a California limited partnership listed as M&L Financial Company XXXI.
The buyer was represented by Joseph Ramos and David Cameron of brokerage firm South Coast Commercial. The seller was represented by South Coast Commercial’s Cody Evans and Benn Vogelsang.