Central Park La Mesa Rental Homes in San Diego Sells for $28.3M

SAN DIEGO — A partnership controlled by R&V Management has acquired 124 units at Central Park La Mesa, a 216-unit condominium community in the San Diego submarket of La Mesa. The community is located at 5636 Amaya Drive. The development was constructed in 1989 and partially renovated in 2006. Condo sales began in late 2006 before they were halted in early 2008. About 92 homes were sold during that time. The remaining 124 homes feature either one or two bedrooms. They average 865 square feet. Community amenities include a clubhouse, fitness center, swimming pool, spa and barbecue areas. The partnership acquiring the units was VLD Sweetwater LP and Central Park Partners LP. The seller was JH/TMP La Mesa, an affiliate of JH Real Estate Partners.