Hillcrest Montecito of San Diego on April 30 sold a 72-unit complex, Montecito Point in Hillcrest, for $17.5 million, or $243,000 per unit, according to the broker.
The buyer was G.W. Williams Co. of San Mateo.
The complex, built in 1987 and located at 4179 Third Ave., consists of one- and two-bedroom units that average 751 square feet. The complex has a common spa, barbecue area, gated access, underground parking and laundry facilities.
Its units feature patios or balconies and air conditioning, according to the broker, Phoenix-based Hendricks & Partners.
, Ned Randolph