SAN DIEGO, October 31, 2016 – ACI Apartments is pleased to announce the recent sale of a 10 unit multifamily Pacific Beach complex. The 7,008 square foot property situated on an 8,400 square foot parcel at 2030 Diamond Street, was sold by Plotts Real Estate, LP of Alpine for $3,300,000.
The seller was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The buyer, Calowa Investments LLC of Vermillion, South Dakota was represented by Lauren Empey of Empey Realty.
The property unit mix consists of four 2 bedroom/1 bathroom and six 1 bedroom/ 1 bathroom spaces. The location has seen over $100,000 in upgrades for the past four years including laminate floor and granite counter top upgrades for all units. A private courtyard provides secluded access to lush landscaping and a gated secure bike storage area. More information on the property can be found at https://vimeo.com/180977223.
About ACI Apartments INC.
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
San Diego, CA 92122
Phone (619) 299-3000
CalBRE# 01141809
ACI is compliant with the standards set by the National Assocation of Realtors