SAN DIEGO – June 20, 2016 – ACI Apartments is pleased to announce the recent sale of a 3 unit complex in the Golden Hill neighborhood of the City of San Diego. The 1650 square foot property situated on a 5,510 square foot lot at 1704-1706 Grove Street, was purchased by SB Rentals of Eau Claire, LLC for $675,000.
Terry Moore CCIM of ACI represented the Seller, The William H. Hilsdorf Trust, a resident of San Diego, as part of a 1031 tax deferred exchange. The buyer, SB Rentals of Eau Claire, LLC, from Eau Claire, Wisconsin, was represented by Gustavo Baer of Marty Frank, broker.
The property consists of three 1bd/1ba units and a long driveway that has space for two cars. The low density neighborhood has immense upside in rents.
About ACI Apartments INC.
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
San Diego, CA 92122
Phone (619) 299-3000
CalBRE# 01141809
ACI is compliant with the standards set by the National Assocation of Realtors