ACI Apartments is pleased to announce the recent sale of a 10 unit apartment complex in Mid-City, San Diego. Located at 4269 50th Street, the property was sold by Devon Logan and William Logan for $1,750,000.
The sellers were represented by Chuck Hoffman and Tiffany Hoffman of ACI, while the buyers, Hong Bin Sun and Chang Gang Zhang were represented by Linjun Li or Bayview Realty.
The property consists of a 10 unit apartment building built in 1979. The location has a strong unit mix including one 2 bedroom / 2 bathroom, three 2 bedroom / 1 bathroom, and six 1 bedroom / 1 bathroom units. The units are large and located in a high demand rental market. The building is located just a few blocks from Colina Del Sol Park and Golf Course and within close proximity to food and shopping experience along El Cajon Blvd.
ACI is the most successful income property brokerage firm in the county since 1982. They specialize in apartment and investment property transactions, and have maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined. Please visit us online at www.aciapartments.com