ACI Apartments is pleased to announce the recent sale of a 12-unit complex in the Linda Vista neighborhood of San Diego. The 8,400 square foot property situated on a 31,363 square foot lot located at 6531-6561 Kelly Street was purchased by 6531 Kelly LLC for $2,350,000.
The San Diego seller, Norman Langley was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The buyer, also from San Diego, 6531 Kelly LLC was represented by Bill Bordeaux of The Certified Group.
The property built in approximately 1945 consists of eight 2bd/1ba units, four 3bd/1ba units and 24 parking spaces. Zoning may allow for up to 30 units. Rents are far below market rates. The property is convenient to schools, shopping and freeways. USD is just ½ a mile away.
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