La Jolla Park West Trades Hands in San Diego

Property West Residential has acquired La Jolla Park West from Hunt Pacific Management Corp. for $22.5 million. La Jolla Park West is a 60-unit multifamily property located in San Diego.

Located at 5165 Luigi Terrace, La Jolla Park West features one- and two-bedroom floor plans with 10-foot ceilings and private patios or balconies. Community amenities include a pool and a spa, shared garages and a laundry facility. The sale of La Jolla Park West marks one of the few apartment transactions in the highly coveted University Town Center submarket.

Berkadia managing directors Ed Rosen and John Chu and associate director Tyler Sinks of Berkadia’s San Diego office completed the transaction on behalf of the seller.