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SAN DIEGO-A 60-unit apartment complex has sold in a deal valued at $4.2 million and will be converted to affordable housing, a multifamily brokerage announces.

The Harbor View Villas Apartments, located at 404 N. 47th Avenue was purchased by Harbor View Associates LP from Davidson Housing Family Partnership II LP in a deal that closed on Nov. 28. The complex includes 24 two-bedroom units and 36 three-bedroom units.

The buyer was represented by Jules Arthur and Steve Huffman of the San Diego office of Hendricks & Partners. The seller was represented by George Carlson of Burnham Real Estate.

Chicago Title Co.’s Park Camino branch handled escrow on the property, which was a tax credit deal involving the participation of the San Diego Housing Commission. The deal will change the 16-year-old property from a market rate to an affordable housing project.

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