San Diego Business Journal

133 Apartments in La Mesa Sold for $20M

By Lou Hirsh Monday, May 5, 2014
Silver Oaks apartments in La Mesa (photo courtesy of CoStar Group)

Silver Oaks apartments in La Mesa (photo courtesy of CoStar Group)

Pacific Urban Residential of Los Angeles bought the 133-unit Silver Oaks apartment community in La Mesa for $20 million, according to CoStar Group and public data.

The seller of the property, at 7400 Parkway Drive, was Silver Oak Associates Ltd., a partnership that includes R&V Management Corp. of San Diego. The seller was represented by Steve Huffman and Shane Shafer of Hendricks Berkadia.

The garden-style apartment complex was built on 6.14 acres in 1976 and renovated in 1998. There were three unit vacancies at the time of sale.