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Real Estate/Development

Nov. 30, 2016

Casa Linda apartments sold for $4.3 million

According to the Zenith Group, 11 of the units have already been renovated with the remaining 10 units scheduled for upgrades. There were no deferred maintenance issues reported and no credits provided to the new owners.

The 21-unit Casa Linda Apartments at 317 Zenith Street in Chula Vista has been sold for $4.3 million.

The buyer was Zenith Group Partners LLC, a unit of Gordon Reese LLC of Corona Del Mar, according to the CoStar Group.

The seller was a unit of the Barzal & Scotti Real Estate Corp. of San Diego.

Zenith Group submitted a 26 percent down payment, using a loan from Bank of California to finance the rest. The loan term is five years with 3.8 percent interest. The first three yea...

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