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Harbor Heights Manor Sold for $33M
updated: Mar 10, 2014, 8:59 PM

By Pacific Coast Business Times

The Harbor Heights Manor apartment complex at 801 Cliff Drive in Santa Barbara has been sold to an undisclosed investor for $33 million, setting a new price record for the city, according to commercial real estate experts.

Radius Commercial Real Estate & Investments said the sale of the 97-unit complex, which "occupies a sizable footprint on the doorstep of Santa Barbara City College," marks the largest- ever sale of a multifamily property in the city. It also represents the biggest apartment deal on the South Coast since the Tropicana Gardens complex in Isla Vista changed hands for $64.5 million in 2010.

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