A City Heights apartment building has been sold for nearly $3.6 million.
Sterling Terrace Apartments, LLC of Corona Del Mar bought the building at 4999 Sterling Court.
The seller was Sterling One Family, LP of San Jose.
Benn Vogelsang of South Coast Commercial, Inc. represented the seller.
The buyer was represented by Abe Peay of South Coast Commercial.
The building has a mix of 800-square-foot two-bedroom, two-bathroom apartments and 550 square-foot one-bedroom, one-bathroom apartments.
“This project was a great buy as it is a value add opportunity for the buyer in a growing rental market in the City Heights neighborhood of San Diego close to transit, freeway access and schools,” Vogelsang said.
Real estate reporter Ray Huard may be reached at firstname.lastname@example.org or 858-277-8904.