San Diego-based Truman Johnson Inc. has acquired three Imperial Beach apartment buildings totaling 56 units for $10.2 million, according to brokerage firm CBRE Group Inc.
The seller of the properties, at 1939, 1945 and 1949 Avenida Del Mexico, was Wildwood Apartments LLC of San Diego.
The buyer was represented by CBRE’s Cray Carlson, and the seller was represented by Christopher Zorbas and Kire Nastevski of Marcus & Millichap.
Brokers said the acquired buildings are located within a larger 161-unit community, known as Playa Blanca, consisting primarily of condominiums that are individually owned and occupied.
According to CoStar Group data, properties in the complex were built in 1986 and renovated in 2005.