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Sunset Cove Apartments Sell for $6.6M

Affordable Housing Planned for 75,000-SF San Bernardino Multifamily
By Lauren Kremers
February 9, 2011 | 6:42 P.M.

655 Dudley LP, a partnership between Paul Calvo & Company and Milan Capital Management, sold the 119-unit Sunset Cove apartment complex at 830-867 N. Lugo Ave. in San Bernardino, CA for $6.6 million, or $55,462 per unit. The buyer, Meta Housing Corporation, with the help of the City of San Bernardino's Economic Development Agency, plans to convert the property into quality affordable housing for seniors.

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