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by CareyBot

Marcus & Millichap brokered the sale of the 136-unit Vista Village Apartments in Chula Vista, Calif. The value of the transaction was $15 million. Both buyer and seller are San Diego-based private investors. Vista Village Apartments, constructed in 1973, is located at 667 F St. The sale includes 90,224 rentable square feet on 4.2 acres. Community features include a swimming pool, controlled entry, community BBQ and a recreation room. The unit mix includes 64 one-bedroom and 72 two-bedroom apartments, ranging in size from 600 to 720 square feet. At the time of sale, occupancy was 95 percent. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....