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Apartment complex in SD sold

The 31-unit Delta Castle Apartments complex in Southcrest -- at 4388-4394 Delta St., San Diego 92113 -- has been sold for $2,973,500.

The buyers are Felipe Sanchez Romero (35 percent), Thomas Karl Gersten (35 percent) and Jorge Luis Gomez (30 percent); 1237 Evergreen Point, Medina, WA 98039.

The acquisition was financed with a loan of $2.23 million from Banco Popular North America.

The seller of the property (assessor's parcel 551-380-12) was Dynasty Coachwork International Inc., headed by Andrew S. Chang.

The property was sold in December 2006 for $3.13 million. In August 2010, the property was sold again for $2.41 million by Arcadia Land Corp., headed by Chang.

The approximately 23,930-square-foot apartment was constructed in 1988-90 a 33,977-square-foot lot.

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