The eight-unit apartment complex at 1343 Imperial Beach Blvd. in Imperial Beach 91932, has been sold for $990,000.
The buyers were Charles P. Neufeld and Christine M. Willemsen, co-trustees of the Susan Sesnon Dolkas Irrevocable Trust, c/o Calegari & Morris, 123 Mission St., 18th Floor, San Francisco 94105.
The acquisition was financed with a $300,000 loan from First Republic Bank (NYSE: FRC).
The seller was Charles Frederick Kreutzkamp, trustee of the Kreutzkamp 2000 Revocable Trust.
Dave Savage, of ACI Apartments, represented the buyer and the seller.
The two-story property consists of two-bedroom, one-bath units of approximately 800 square feet rented at $1,050 each.
Built by the seller in 1972, the project had never been sold until now.
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