Hillside Terrace, at 322 Hillside Terrace -- Photo courtesy of The Bascom Group LLC

Hillside Terrace, at 322 Hillside Terrace -- Photo courtesy of The Bascom Group LLC

The Bascom Group LLC of Irvine has acquired a 32-unit apartment property in Vista for $6.2 million, the private equity firm announced.

The seller of Hillside Terrace, at 322 Hillside Terrace, was an affiliate of San Diego-based Melroy Investments Inc., according to CoStar Group and public data.

The buyer was represented by Rita Lancaster-Hannah of ACRE Investment Real Estate Services, and the seller was represented by Melroy Investments’ Jack Melroy, an ACRE statement said.

The four-building property was built on approximately 1.5 acres in 1988.