Pasadena: 514-unit Alta Vista sold

PASADENA – Alta Vista, a 514-unit, Class C community located at 621 South Richey St., has been sold. The garden-style community is situated on 45.9 acres.

The 42-year-old property is 95 percent occupied with average rents at $0.72 per sf. The community features one-, two- and three-bedroom floor plans ranging in size from 440 sf to 1,200 sf.

Property amenities include 24-hour emergency maintenance, playground, volleyball court, tennis court, clubhouse, swimming pool and sports court.

Alta Villas Nominee LLC, an entity of Global Securitization Services LLC, purchased the community from Focus Columns LLC, an entity of Focus Hospitality Group.