11-Unit Multifamily Property in Golden Hill Sold for $3,130,000

SAN DIEGO, September 26, 2019

ACI Apartments is pleased to announce the recent sale of a 11-unit complex in The San Diego neighborhood of Golden Hill. The 5,780 square foot property situated on a 7,221 square foot lot at 3087 A Street, was sold by Mincks Family Trust 08-08-00 for $3,130,000.

The seller was represented by Chris Siedenburg of ACI Apartments. The buyer, Bancroft Heights, LLC was represented by Rita-Lancaster Hannah of Acre Commercial.

The property had a robust unit mix of one (1) 2 Bedroom/ 2 Bathroom, three (3) 2 Bedroom/ 1.5 Bathroom, and seven (7) 1 Bedroom/ 1 Bathroom units. The location offers six two-car garages on site, an enclosing security gate, on-site laundry, air conditioning, and recent renovations to units. The building is located within proximity to Balboa Park as well as South Park and 30th Street. The building’s easy access to area freeways make it ideals to access Downtown San Diego, along with other area activities.

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