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Apartment Complex on Montecito Road Sells for $2.2M

The Buttonwillow Apartment complex was purchased by BAJC Properties LLC.

The 20-unit Buttonwillow Apartments complex that sits at 1528 Montecito Rd. in Ramona has been sold for $2.2 million, according to the San Diego Daily Transcript.

BAJC Properties LLC, a California limited liability company, purchased the apartments for about $132.72-per-square-foot, the Daily Transcript reported.

The Buttonwillow Apartments cover about 16,576 square feet and were built in 1979.

The Daily Transcript reported that the purchase was financed with a loan of $1.54 million from JPMorgan Chase Bank.

Read more over at the San Diego Daily Transcript.

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