12 Units in La Mesa Sold for $3,220,000

SAN DIEGO, October 31, 2017

ACI Apartments is pleased to announce the recent sale of 12 units in La Mesa. The approximately 11,649 square foot property situated on a 41,818 square foot lot at 5015 Comanche Drive, was purchased by M. Gorla for $3,220,000.

The buyer was represented by Terry Moore CCIM of ACI Apartments. The seller, Attisha Enterprises was represented by Arby Eivazian also of ACI.

The property consists of all 3 bedroom and 1 bath units and has recently received over $100,000 in improvements. In addition to a newly resurfaced driveway, many of the units have received refurbished interiors and resurfaced front porches. The property provides ample parking for residents with 26 surface spaces available.

The property is located along a private driveway that connects each of the units within a shared lot. Each unit has a private, fenced yard. At the time of sale, the property had a cap rate of 5.45% and a GRM of 13.15. With close proximity to El Cajon Blvd, residents have easy access to the I-8 freeway and are only a short drive away from the Green and Orange lines of the San Diego Trolley.

 

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