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Residential complex on Sherman Heights corner sold

The Market Street Villas, a nine-unit residential complex in Sherman Heights at 2109-2117 and 2129-2143 Market St., and 554 22nd and 561 21st streets, has been sold for $2,005,000, or $222,777 per unit.

The buyer was Miriam Burge Lewis, 1425 7th St., Coronado 92118.

The acquisition was financed with a loan of $1 million from Lone Oak Fund LLC, of Los Angeles.

The seller of the property (assessor's parcel 535-213-01, 2, 11 and 12) was Harlene Moyer, successor trustee under the Neil K. Moyer Living Trust.

The seller was represented by Bill Anderson, senior vice president and principal of ACRE Investment Real Estate Services and Nic Lyon, senior director, also with ACRE.

Escrow services were provided by Annemarie Lo Coco of Chicago Title. Cameron Aldrich, also at Chicago Title, provided title insurance.

The property consists of four parcels totaling 20,000 square feet. The housing is a duplex, a triplex and four single-family homes.

The units consist of one three-bedroom/1½-bath unit, seven two-bedroom/one-bath units and a single one-bedroom unit.

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