5037-5045 Narragansett Ave. -- Photo courtesy of CoStar Group

5037-5045 Narragansett Ave. -- Photo courtesy of CoStar Group

An affiliate of Newport Beach-based WLA Investments Inc. has purchased a three-property portfolio of San Diego apartment properties for approximately $12.7 million, according to CoStar Group and public data.

The seller of the properties, totaling 54 apartment units, was Shah Family Trust of San Diego. The buyer recorded ownership under the name North Park Apartments San Diego LP.

The buildings are at 3946-3952 Iowa St. and 4110-4124 32nd St. in North Park; and 5037-5045 Narragansett Ave. in Ocean Beach.