ACI Apartments is pleased to announce the recent sale of a 14-unit complex in the Ramona neighborhood of San Diego. The 24,996 square foot property situated on a 14,641 square foot lot located at 715 B Street was purchased by The Margaret Hulter Turney Trust of San Diego for $2,500,000.
The buyer was represented by Terry Moore CCIM of ACI. The seller, also from San Diego, The William Sherrard Trust was represented by Ray Adams of Cushman Wakefield.
The 1990 garden community consists of all large 2bd/2ba units with in-unit washer and dryer hook-ups, carport parking, private balconies and/or large private yards. There is significant rent upside potential by making cosmetic upgrades.
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