ACI Apartments is pleased to announce the recent sale of a 21-unit complex located in the San Diego adjacent city of El Cajon. The 18,337 square foot property situated on a 37,461 square foot lot at 939 E. Washington Ave, was purchased by Ben Tashakorian with asset managed by KA Enterprises for $3,925,000.
The buyer was represented by Anton Burman of ACI Apartments. The seller, Carlsbad Gardens Apartment LLC was represented by Raymond Choi from Marcus and Millichap.
The property has a unit mix of twenty 2-bedroom and 1-bathroom units (850 sqft average) & one 2-bedroom and 2-bathroom unit (1,050 sqft).
The location consists of a complex with a secure gate and offers patios and balconies for most units. On-site amenities include a laundry facility, newly installed solar panels, and a pool. The property also has a large allotment of off-street parking including 39 spaces and 1 garage.
The buyer received a $30,000 credit upon close for miscellaneous repairs.
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