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Thursday, Mar 28, 2024
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Chula Vista Apartment Property Sells for $13.2 Million

A California limited partnership affiliated with La Mesa-based Hanken Cono Assad & Co. Inc. has acquired a 70-unit apartment property in Chula Vista for approximately $13.2 million, according to CoStar Group and public data.

The seller of Vista Hermosa, at 1045-1051 Fourth Ave., was a California limited liability company affiliated with Beverly Hills-based Lido Advisors LLC and San Diego-based Gordon & Holmes.

The buyer plans to upgrade the property’s unit interiors and exterior areas, according to a statement from real estate services firm Berkadia, which closed the transaction.

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