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Sunday, Jul 14, 2024
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City Heights Apartment Building Sold

A City Heights apartment building has been sold for $5.8 million.

With 22 apartments, Villa Vidorra at 4330 53rd St. was sold by 53rd Street HGD LLC to KPH8, LLC.

Built in 1972, Villa Vidorra has two studio apartments, 15 one-bedroom, one-bathroom apartments, and five two-bedroom, two-bathroom apartments.

The building also has a new roof, new paint, new windows, and 12 of the apartments were upgraded over the past three years.

The property includes 11 garages that have permits to be converted into accessory dwelling units.

The buyer and seller were represented by Austin Huffman, vice president of investments at Marcus & Millichap and Gary Weddle, first vice president of investments at Marcus & Millichap.

“Villa Vidorra presented investors with the rare opportunity to acquire a partially renovated and sizable asset in a core San Diego rental market,” Huffman said.

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