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LA MESA, CA-A firm based in the South Bay of Los Angeles County has bought an apartment community in this San Diego suburb in a deal valued at $7.1 million. RK Properties, located in Long Beach, bought the Casa de Colina Apartments, located at 8515 Chloe Ave.

In keeping with the strong multifamily market throughout the county, the deal penciled out to an impressive $82,558 per unit, with a price per sf of $111 for 64,020 sf of net rentable space. La Mesa and the greater San Diego area have experienced a run-up in both values and rents over the last two years.

The complex is about 30 years old. It includes standard amenities such as a recreation room, pool with spa and laundry facilities. It has 68 one-bedroom and 18 two-bedroom units.

The seller, Colina Partners, a limited-liability partnership, was represented by Philip Buckley of CB Richard Ellis’ Central San Diego office.

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