Indian Hills was built in the late 1970s on 10.24 acres at 450Dempsey Rd. The property offers one-, two- and three-bedroom units.The average unit size is 800 sf. The property was sold with anapproved and recorded final conversion map.
The seller was Helf Investments of San Diego. Curtis Gardner andJohn McCulloch of Arroyo & Coates in San Francisco representedboth parties. Neither party was available Monday afternoon forcomment.
Pacifica Cos. has been hungrily acquiring Western US apartmentproperties in recent years. A company executive tells GlobeSt.comit acquired about 19 multifamily assets, of which eight were inNorthern Calfornia. Another five were in Southern Calfornia, threewere in the Seattle area and two were in Nevada.
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