Imperial Villa apartments -- Photo courtesy of Marcus & Millichap

Imperial Villa apartments -- Photo courtesy of Marcus & Millichap

Walz Properties of San Diego has acquired a portfolio of Imperial Beach apartment properties totaling 87 units for $14.5 million, according to brokerage company Marcus & Millichap.

The seller of the three contiguous apartment communities, known collectively as Imperial Villa, was Charles F. Kreutzkamp Revocable Trust of Chula Vista, represented by Marcus & Millichap’s Christopher Zorbas. Zorbas also procured the buyer.

The buildings were constructed on 2.35 acres circa 1987, at 1401 13th St., 1441 13th St. and 1340 Hemlock Ave.