WLA Investments of Newport Beach has acquired an 18-unit apartment complex in San Diego’s Talmadge neighborhood for $3.4 million, according to brokerage firm ACI Apartments Inc.
The sellers of the property, at 4471 44th St., were Rancho Rojo Investments Inc. and Morning Glass Inc. of Mission Viejo, represented by ACI’s Brian Raynoha. The buyer was represented by Darcy Miramontes of JLL.
Brokers said the complex consists of one three-story building with subterranean parking. According to CoStar Group data, it was originally built on 0.23 acres in 1965.