25 Unit Multifamily Property in North Park Sold for $4,425,000

SAN DIEGO, December 17, 2018

ACI Apartments is pleased to announce the recent sale of a 25-unit complex in the San Diego neighborhood of North Park. The 12,000 square foot property situated on a 14,000 square foot lot at 4025 Cherokee Ave, was sold by Dr. David Kennedy for $4,425,000.

The seller was represented by Norm Root of ACI Apartments. The buyer, WSC Investment Partners was also represented by Norm Root of ACI Apartments.

The property, which is located just north of University Avenue had a unit mix of twenty-two 1-bedroom units (approximately 475 sqft) and three 2-bedroom units (approximately 775 sqft). In addition to 23 parking spaces, the property boasts a gated security entry, a tranquil courtyard.

The property is only a few blocks from Cherokee Point Elementary School and can easily access recreation spaces at both Wabash Park and Park de la Cruz. The location is also conveniently located close to both the I-15 and I-805 freeways. This allows for easy access to downtown San Diego, Mission Bay, and the Pacific Ocean.

About ACI Apartments

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