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.
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