30-Unit Opportunity Zone Development in North Park Sold for $1,500,000

SAN DIEGO, October 11, 2019

ACI Apartments is pleased to announce the recent sale of a 2-unit property in the San Diego neighborhood of North Park. The property location on an 8,735 square foot lot at 3917-3919 Louisiana Street, was purchased by KA Louisiana, LLC for $1,500,000.

The buyer was represented by Anton Burman and Adam Jacks of ACI Apartments. The seller, Metro Nova LLC was represented by Eric Sands of Eric Sands Real Estate.

Built in 1924, this location is situated just north of the intersection of Louisiana Street and University Avenue. the location has RM 3-9 zoning within an opportunity zone, which allows for future re-development. The buyer intends to develop a 30 micro-unit project at the location.

The property has a central location between two San Diego area freeways (The 163 and I-805) allowing direct driving access to Downtown San Diego and other local destinations. Tenants can also enjoy easy access to North Park Community Park along with the many restaurants and breweries located along El Cajon Blvd located several blocks north.

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