4514-16 Utah St. --  Photo courtesy of Colliers International

4514-16 Utah St. -- Photo courtesy of Colliers International

Locally based Carlone Family Trust has acquired a seven-unit multifamily property in University Heights for $3 million in an off-market transaction, according to brokerage company Colliers International.

The seller of the property, at 4514-16 Utah St., was San Diego-based Pujji Development LLC. The buyer and seller were represented by Colliers’ Peter Scepanovic and Corey McHenry.

Brokers said the property includes a renovated single-family home and a newly constructed, three-story apartment building with covered parking. Renovations and construction were completed in December 2015, and the property was fully occupied at the time of sale.