La Mesa apartments sold for $25.5 million

East County Biz by Rick Griffin

The 143-unit Adagio apartment community, 5427 Lake Murray Blvd., in La Mesa, has been sold for $25.5 million. The seller was Davlyn Investments Inc. of San Diego. The buyer was R&V Management Corp. of San Diego. The development, at 5427 Lake Murray Blvd., was built in 1985 and renovated in 2006. It was designed originally as a 200-unit condominium project, and its unit mix is 73 one-bedroom and 70 two-bedroom apartments.