ACI Apartments is pleased to announce the recent sale of sixteen units in the Hillcrest neighborhood of San Diego. The 8,732 square foot property situated on a 7,135 square foot lot located at 526-528 Anderson Place was purchased by IIP Anderson LLC, a CA LLC, of San Diego for $5,570,000.
The San Diego seller, Anderson-Decorte LLC, a CA LLC was represented by Terry Moore CCIM of ACI Apartments as part of a 1031 tax deferred exchange. The buyer was represented by Will Creagan of Southwest Equity Partners.
The prime location 1911 property consists of nine 1bd/1ba units and seven studio/1ba units with on street parking. All kitchens and most bathrooms have been tastefully remodeled, along with an added solar water heating system and resurfaced roof.
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