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Imperial Beach apartments on Evergreen sold

The four-unit apartment at 217-223 Evergreen Ave., Imperial Beach 91932, has been sold for $725,000.

The buyer was Karen Sue Hoyt, c/o Hoyt Law Firm, 181 Rea Ave., Suite 201D, El Cajon 92020.

The acquisition was financed with a loan of $475,000 from JPMorgan Chase Bank (NYSE: JPM).

The seller of the property (assessor's parcel 625-362-23) was Evergreen Avenue LLC, a California limited liability company. Sherrill Richter signed for the seller.

The approximately 1,920-square-foot apartment was constructed in 1942 on a 4,639-square-foot lot.

The property was sold in April 1989 for $230,000 with financing of $160,000.

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