ACI Apartments Brokers $9.6M Acquisition of Villas Bonita Multifamily Property in El Centro, California
EL CENTRO, CALIF. — ACI Apartments has arranged the purchase of Villas Bonita, a multifamily complex located at 699 Wake Ave. in El Centro. Imperial Properties acquired the asset from Villas Bonita LCC for $9.6 million.
Built in 2005, the 71,250-square-foot community features 75 apartments spread across seven two-story buildings. The property offers one-, two- and three-bedroom apartment layouts ranging from 730 square feet to 1,130 square feet, each with an in-unit washer/dryer and balcony or patio. The community also includes 75 carports, 51 surface parking spaces, a gym, recreation room, pool, spa, playground area, barbecues and a large patio.
Ricardo Lopez of ACI Apartments represented the buyer, while Steve Willmore and Erik Faucett of Lee & Associates represented the seller in the deal.