ACI Apartments is pleased to announce the recent sale of 4 units in the San Diego neighborhood of City Heights. The 1,810 square foot property situated on a 6,253 square foot lot at 4039-4045 Highland Ave, was sold by Haris Economus for $860,000.
The seller was represented by Keith Courtney and Nick Zalkow of ACI. The buyer, Terrence Patrick O’Connor II was represented by Ryan Lamb and Danny Quesada of Pacific Sotheby’s International Realty.
The property consists of three structures. These include a 2-bedroom and 1-bathroom front house, a single cottage style unit with 1-bedroom and 1-bathroom, and a duplex both consisting of 1-bedroom and 1-bathroom units. The property has been significantly upgraded with stainless steel appliances, quartz countertops, new cabinetry, new flooring and new dual pane windows.
“This transaction showcases how City Heights is an emerging market” said Nick Zalkow, representing agent for the seller side. “Investors looking for a solid going-in return and steady increase in property value over the long term should consider this community for its tremendous potential.”
The unique asset is located just north of University Avenue within close proximity to Rosa Parks Elementary school. The property’s immediacy to Weingart Library and the City Center make it an ideal location for access to local shopping, food, and recreational events.
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