ACI Apartments is pleased to announce the recent sale of 14 units in the Ramona neighborhood of San Diego. The 14,104 square foot property situated on a 14,640 square foot lot located at 715 B Street was purchased by Northern Lights Property LLC, of San Diego for $2,980,000.
Terry Moore CCIM of ACI Apartments represented both the buyer and seller. Buyer purchased the property as part of a 1031 tax deferred exchange. Moore has represented both the buyer and seller on multiple transactions. The seller, The Hulter-Turney Family Trust of San Diego is selling several properties as part of an estate.
The 1990 property consists of fourteen desirable 2bd/2ba units. There are 22 parking spaces, 20 carport and 2 open spaces as well as washer/dryer hookups, private balconies, and yards. Seller did more than $300K in rehab in the last year.
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