SAN DIEGO-The San Diego Housing Commission has acquired the 172-unit Mariners Village Apartments in Paradise Hills for $31.5 million and is working to acquire additional properties, according to brokers who represented the commission in the acquisition. The property, at 6847 Potomac St., is a complex of 12 garden-style buildings on a parcel of more than nine acres.

The housing commission was was represented by Diane Miramontes, Darcy Miramontes and Kip Malo of Cassidy Turley BRE Commercial. The Cassidy Turley team is now working with commission officials in their search for additional properties.

The commission bought the property from Mariners Investors Inc., with Continental American Properties, Ltd. as its managing partner. The sellers were represented by Ed Rosen, John Chu and Alejandro Lombrozo of Cushman & Wakefield.

Built in approximately 1988, the complex features four floor plans, including 20 one-bedroom, one-bath units (657 square feet); 56 two-bedroom, one-bath units (845 square feet); 52 two-bedroom, two-bath units (867 square feet); and 44 three-bedroom, two-bath units (974 square feet). Interior amenities include a private balcony or patio, air conditioning, ceiling fan, dishwasher, refrigerator and large walk-in closet in select units. Common area amenities include gated access, swimming pool, spa, playground, laundry facility, detached garages and storage space.

The property is within walking distance of schools, Paradise Hills Community Park and shopping, a central location that features easy access to major freeways, business centers and other amenities, according to the brokers. In addition, the complex is close to major employment centers such as 32nd Street Naval Base, Downtown San Diego, Otay Mesa, North Island Naval Base and Point Loma.