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Monday, Jan 30, 2023
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Hillcrest Apartment Complex Sold for $17.5M

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.

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, Ned Randolph

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