A Chollas Creek apartment complex has been sold for nearly $5.9 million.
Positive Investments, LLC of Arcadia purchased the 17,376 square-foot building at 5101-5111 Towle Court from Towle Court LP of San Diego.
Benn Vogelsang of South Coast Commercial, Inc. represented the seller and the buyer.
The 48 studio apartments in the complex are about 360 square feet each.
“This project was a great buy as it is a value add opportunity for the buyer in a growing rental market in the city of San Diego close to transit, freeway access, and schools,” Vogelsang said.