The Pacific Crest Apartments, a 44 unit complex located in the Imperial Beach area was sold for $9.7 million, ACI Apartments said.
The 32,838 square foot property, located at 1030-1042 15th St., was purchased by Del Coronado Villas LLC.
Mark Morgan of ACI represented the buyer. The seller, Rodney A. Johnson Trust, was represented by ACI’s Dave Savage, according to ACI Apartments
The brokerage said the buyer plans substantial upgrades to the property.
Pacific Crest consists of 26 - 1 bedroom /1 bath units, and 18 - 2 bedroom / 1 bath units and is located just minutes from downtown San Diego and Balboa Park. Many of the units have upgraded kitchens, baths, paint, and flooring. The property has ample on-site parking, two laundry rooms, and two large common patios