757 9th St.
Photo courtesy of NAI Capital Brokerage

757 9th St. Photo courtesy of NAI Capital Brokerage

An Imperial Beach apartment building has been sold for $3.8 million.

Neither the buyer nor the seller of the 757 9th St. complex was disclosed.

The 10,800 square-foot structure has 12 two-bedroom, 1 ½- bathroom apartments averaging 850 square feet.

Builtin 1977, the two-story complex was renovated in 2019, enabling the owner to raise rents by more than 80 percent.

Each apartment has stainless steel appliances, new cabinetry, laminate flooring, washer-dryer hookups, and new carpeting.

The sale included a 6,300 square-foot commercially-zoned parking lot.

Robert Vallera of Voit Commercial Real Estate represented the buyer.

Mario Gandara, vice president of NAI Capital’s Multifamily Services Group represented the seller.