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Courting La Corte Espana

Multifamily Property Sells in City Heights
By James Navarro
November 5, 2002 | 1:27 P.M.

La Corte Espana LLC purchased the 13,400-square-foot multifamily complex at 2412-2432 E St. in the City Heights/University submarket of San Diego. The 25-unit apartment complex was built in 1928 and features two studios, 21 one-bedroom/one-bath, and 2 two-bedroom/two-bath units. Apartment amenities include laundry facilities and balconies. The buyer agreed to purchase the project for $2.057 million, approximately $82,300 per unit at a gross rent multiplier of 10. Ty Considine of Considine Commercial Real Estate represented the buyer. Rita Lancaster-Hannah of Hendricks & Partners represented the seller, Colline Doree LLC.

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