Jon & Judith Swail purchased the Holmes Apartments, a 19-unit, single-story apartment community located at 13626 Holmes St. in Yucaipa, CA. Built in 1989, the 17,484-square-foot complex consists of three two-bedroom/one bath and 16 two-bedroom/two bath units. Amenities include one-car garages, central air conditioning and heating, patios, washer/dryer hookups and front and back yards. Escrow closed for $1.2 million, or approximately $63,100 per unit at a 7% cap rate and an 8.2% GRM. Ramon Kochavi with Marcus & Millichap represented the buyer. Alex Garcia and Bill Melton, also with Marcus & Millichap, represented the seller, Elizabeth Chapman.