4 Unit Property in Fallbrook Sold for $775,000

SAN DIEGO, 10/23/2018

ACI Apartments is pleased to announce the recent sale of a 4-unit property in Fallbrook. The 4,256 square foot property situated on a 6,388 square foot lot at 249 N. Pasadena Ave, was purchased by Felipe and Concepcion Jimenez for $775,000.

The buyer was represented by Ricardo Lopez of ACI, and the seller, 2004 CATR Family Trust was self-represented.

The property sold off-market and was in above average condition at time of sale. The property was comprised of one 3br-2ba unit and three 2br-1ba units. The property had two single car garages and 2 tuck under spaces with a shared laundry room and 3 storage rooms for the 2 bedrooms units. A new TPO roof was installed in 2017 and came with a 20-year warranty.

The property is located just 0.4 miles from Ball Park and 0.7 Miles from Village Square Park. Residents can take advantage of several local food and recreation spaces included the Mission Theatre Playhouse and the Fallbrook Public Library.

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