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Deal of the Week - Sale

La Jolla apartment sold

Robert Vallera, senior vice president and Matt Kennedy, multi-family associate with Voit Real Estate Services, represented the seller in the Deal of the Week.

Gary B. Urtiaga, senior vice president with Apartment Realty Group represented the buyer.

The deal was the sale of the seven-unit Casa Rosada Apartments in the Upper Hermosa neighborhood at 6241-6253 La Jolla Blvd., La Jolla, for $2.2 million.

The buyer was La Jolla Casa Rosada LLC, with Pacific Beach Investments its corporation manager.

Diane L. Blumenthal is president, while Norman B. Blumenthal is the secretary, of Pacific Beach.

The acquisition was financed with a loan of $900,000 from Novasel & Schwarte Investment Inc., dba Western Highland Mortgage Co.

The seller of the property was Mark D. Wilson, special administrator under the estate of Eileen Gambs.

The two-story courtyard complex was constructed in approximately 1952 and consists of four two-bedroom/one-bath units, three one-bedroom units and six tuck-under carport spaces.

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