4 units in Fairmount Park Sold for $920,000

SAN DIEGO – July 30, 2018

ACI Apartments is pleased to announce the recent sale of a 4 unit complex in the Fairmount Park neighborhood of San Diego. The 4,032 square foot property situated on a 14,170 square foot lot located at 1464 38th Street was purchased by Gyu Jang Park of San Diego for $920,000.
The buyer was represented by Terry Moore CCIM of ACI. The San Diego seller, Carlton and Zontonia Phillips were represented by Marc Medina and John Mapes of J&M Investment Solutions.

The 1979 property consists of three 2bd/1ba units and one 3bd/2ba unit. There are two-car tandem assigned parking spaces per unit, coin operated laundry and all have laminate and tile flooring throughout. The three-bedroom unit has been recently remodeled kitchen. There is significant rent upside potential by making additional cosmetic upgrades.

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