Chevalier Commercial; Chuck Zettl, of Western Investments; and Daniel Cote, of San Diego Investment Brokers handled the Deal of the Week.
The deal was the sale of the 38-unit apartment at 1479-1485 Elder Ave. in Imperial Beach for $4,155,000.
The buyers were Donald M. Swanson and Phyllis R. Swanson, trustees of the Swanson Family Trust (15 percent), 830 Park Inc. (70 percent) and Disney Arcade LLC (15 percent), 555 N. El Camino Real, Suite A 313, San Clemente 92672. Phyllis Swanson is the manager of Disney.
Donald Swanson is president, chief financial officer and secretary of 830 Park, and Beth Swanson is vice president. The acquisition was financed with a loan of $2,516,000 from Opus Bank.
The sellers of were Donna T. Rose; Susan Rackley (individually and as co-trustee of two trusts); Dina Feldman-Scarr (individually and as trustee); Laurie Andres Ellsworth, trustee; Donna Lee Humphries, co-trustee; Jack Mooers, trustee of two trusts; Laurie K. Barnet, trustee; Michael W. Chaney, co-trustee; Grace T. Hawkes (co-trustee); and The Deitz Family LLC, with Randall J. Deitz and Georgia Deitz as the managers.