Roberto P. and Minerva Walz purchased the 24-unit, 22,104-square-foot multifamily property at 1319 Marshall Road in Alpine, CA, (approximately 30 miles East of downtown San Diego). At the time of sale, the property was 91.67 percent occupied and the seller reported a projected gross annual income of $259,200. The $2.1 million sales price converts to a price of $87,500 per unit and a capitalization rate of 6.92 percent.