935 Laguna Drive, Carlsbad -- Photo courtesy of Marcus & Millichap Inc.

935 Laguna Drive, Carlsbad -- Photo courtesy of Marcus & Millichap Inc.

Property West Residential of San Diego has purchased the 45-unit Laguna Palms apartment property in Carlsbad for $10 million, according to commercial brokerage company Marcus & Millichap Inc.

The seller of the property, at 935 Laguna Drive, was Mark Meyer and the Allen Dresdner Trust of San Diego. The buyer and seller were represented by Marcus & Millichap’s Christopher Zorbas and Tom McCartin.

The new owner plans renovations of the building, which was constructed in 1973.