ACI Apartments is pleased to announce the recent sale of the Highland Park Apartments, a 29 unit National City apartment complex sold for $4,675,000. The property situated on an approximately 1.18 acre lot at 900 Manchester Street was purchased by KA Real Estate LLC of Sorrento Valley with acquisition and asset management provided by Eugene Marini.
The buyer was represented by Anton Burman of Apartment Consultants, Inc. (ACI). This is the second transaction that KA Real Estate LLC has closed with Mr. Burman. The seller, Rodney A. Johnson of Mission Hills, was represented by Dave Savage also of ACI. This is the 25th transaction that Dave Savage has assisted Mr. Johnson and his trust in completing since 1999.
The property is highly desirable in design and consists of 16 two bedroom and one bath, 12 one bedroom and one bath, and one studio units. The property is two stories and consists of wood frame buildings. The secured access interior courtyard is landscaped with a pool. The property also comes with 32 surface parking spaces.
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