Cypress Santa Ana LLC of Orange County has acquired the 44-unit Helix Square apartment property in Spring Valley for $6.9 million, according to brokerage company Marcus & Millichap.
The seller of the property, at 3827 Conrad Drive, was MG Properties of San Diego, represented by Marcus & Millichap’s Christopher Zorbas and Stewart Weston. The buyer was represented by Marcus & Millichap’s Tyler Leeson.
Brokers said Helix Square was built on a 1.05-acre lot in 1971. The buying entity is led by Boris Ackerman as its managing member.