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SAN DIEGO — San Mateo, Calif.-based G.W. Williams Co. has acquired Montecito Point, a 72-unit apartment community located at 4179 Third Ave. in San Diego. San Diego-based Hillcrest Montecito sold the property for $17.5 million. Built in 1987, the property offers one- and two-bedroom floor plans, a spa, a barbecue, gated/controlled access, underground parking with elevator service and laundry facilities. Steve Huffman of Hendricks & Partners represented both parties in the transaction.