California 1031 investors buy Legends Field Apartments

BUYER: JMJ Villas South LLC (principal: Jose Jimenez) and DJ Villas South LLC (principal: Damian Jimenez), Escondido, Calif.
SELLER: Church Ave Apartments Ltd.
PROPERTY: 6059 N. Legends Villa Drive, Tampa
PRICE: $1.97 million
PREVIOUS PRICE: $1.8 million, December 2004

BUYER: JMJ Villas LLC (principal: Jose Jimenez) and DJ Villas LLC (principal: Damian Jimenez), Escondido, Calif.
PROPERTY: 6059 N. Church Ave., Tampa
PRICE: $1.39 million
PREVIOUS PRICE: $1.8 million, December 2004

LAW FIRM ON DEED: Arnstein & Lehr LLP, Coral Gables