The Hillcrest site of a former family furniture store dating back to the 1960s has been sold for $8.5 million.
Four adjacent parcels of land at 1601-1607 University Ave., 3843 Herbert St., and 3833 Herbert St. were sold by The Davis Family Bypass Trust and The Davis Family Survivors Trust.
The property included two single-family homes.
The buyer was CRP Affordable Housing and Community Development, a developer based in New York.
Nick Totah, senior vice president investments, and Ross Sanchez, senior investment associate, with the Totah Group in Marcus & Millichap’s downtown San Diego office represented the sellers.
CRP Affordable Housing and Community Development was represented by Alberto Guardado of RE Collective Group.
The building at 1601 University Avenue was the longtime home of Davis Furniture.