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2/24/17
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La Casita Apartments, a 44-unit residential property in La Mesa, has sold for $7.35 mil, or $167k/unit. The property is located at 7130 Waite Dr, in the East County submarket of San Diego County.
Amenities at La Casita Apartments include a pool, private patios, clubhouse, on-site parking, and communal laundry rooms. The property, constructed in 1963, was fully occupied at time of sale.
La Casita Apartments, consisting of 32 two-bedroom/one-bath units renting from $1,265 - $1,325 and 12 one-bedroom/one-bath units renting from $1,025-$1,075, has an average unit size of 746 sf. The 32.8k sf foot property is situated on a large 3.1-acre lot.
Dave Savage of ACI Apartments represented the buyer, Matt Rattner of San Diego, and the seller, Rodney A. Johnson of Mission Hills. This is the 24th transaction that Savage has assisted the seller with since 1999.
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