An El Centro apartment complex was sold for $9.6 million in a deal brokered by San Diego commercial real estate agents.
Imperial Properties LLC, represented by Ricardo Lopez of ACI Apartments, bought the 71,250 square-foot complex at 699 Wake Ave.
Built on a 131,986 square-foot lot with 75 apartments in seven two-story buildings, the complex was sold by Villas Bonitas LLC represented by Steve Willmore and Erik Faucett of Lee & Associates.
The property has 16 one-bedroom, one bathroom apartments average 730 square feet, seven two-bedroom, two-bathroom apartments averaging 920 square feet, 26 two-bedroom, two-bathroom apartments averaging 960 square feet, 26 two-bedroom, two-bathroom apartments averaging 990 square feet, and nine three-bedroom, two-bathroom apartments averaging 1,130 square feet.
The complex also has 75 carports and 51 surface parking spaces. Each apartment has a washer/dryer, balcony or patio and HVAC. Other amenities include a gym, recreations room, pool, spa, playground area, BBQs and large patio.