The 12-unit apartment complex in Oak Park at 3061-3069 54th St., San Diego 92015, has been sold for $2,075,000.
The buyer was Kevin T. Quinn, 18 Becker Drive, Ladera Ranch 92694. The acquisition was financed with a loan of $1,556,250 from JPMorgan Chase Bank (NYSE: JPM).
The seller of the property (assessor's parcel 477-333-15) was Bella Terrace Apartment Community LLC, a California limited liability company, with Dan Feder as a member.
Terry Moore, of ACI Apartments, represented the seller. The buyer was represented by David Cameron, of South Coast Commercial.
The 11,179-square-foot apartment consists of two- and three-bedroom units with garages. The property was named Community of the Year (for under 50 units) in 2012 by the San Diego County Apartment Association.