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LA MESA, Calif. — Marcus & Millichap has brokered the $12.5 million sale of Guava Gardens, an affordable seniors housing community located in La Mesa. Los Angeles-based Positive Investments was the buyer.
Built in 1986, the property totals 81 units, with 40 studio apartments and 41 one-bedroom apartments. Residences are reserved for seniors age 62 and older. Amenities at the community include a swimming pool, spa, recreation room, outdoor gathering areas, laundry facilities and dedicated parking.
Christopher Zorbas, Graeme Henderson and Austin Huffman of Marcus & Millichap represented the undisclosed seller in the transaction.