10 Units in North Park Sold for $2,035,000

SAN DIEGO, March 1, 2016 – ACI Apartments is pleased to announce the recent sale of a 10 unit complex in North Park. The 7612 square foot property, located at 4035 Utah Street, was purchased jointly by La Mesa area organizations Logan Properties and CSCDMT Family LP for $2,035,000.

The seller, Blue Parrot One, LLC of Phoenix, AZ was represented by Justin White of Investment Property Group and the buyers were represented by Norm Root of ACI Apartments. The loan amount, issued by Mission Federal Credit Union, was $1,325,000 with Laurie Blake representing. Title and Escrow were handled by Karen Hagen of First American Title Company.

This complex consists of four 2-bedroom 1-bath and six 1-bedroom 1-bath units. It is a garden style property including spacious floor plans, concrete driveways, lush landscaping, and onsite laundry.

This property was the up leg for an exchange of 4 units in Bradley Park, El Cajon, CA, also handled by ACI Apartments.

About ACI Apartments INC.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have specialized in apartment and investment property transactions, and 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