10 Unit Apartment Complex in Golden Hill Sold for $2,500,000

SAN DIEGO, July 8, 2019

ACI Apartments is pleased to announce the recent sale of a 10-unit complex in San Diego’s Golden Hill neighborhood. The 7,220 square foot property situated on a 10,924 square foot lot at 1119 34^th Street, was sold by Ramsey Lee Trust 03-31-79 for $2,500,000.

The seller was represented by Arby Eivazian of ACI Apartments. The buyer, May Family Trust 12/27/1989, Dana L. May Trustee was represented by Terry Moore CCIM also of ACI Apartments.

The property’s unit mix consists of six (6) 1BD/1BA, three (3) 2BD/2BA, and one (1) 2BD/1BA units. 12 on-site parking spaces provide adequate parking opportunity for tenants. At time of sale, half of the property’s units had new kitchens including quartz countertops and white shaker cabinets.

The property’s hillside location is noteworthy for offering upstairs units views of the San Diego Bay, Coronado Bridge, and even the Pacific Ocean. This 1979-built property was family owned and this is the first time it has even been sold.

About ACI Apartments INC.

ACI Apartments 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 Apartments 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