4 units in North Park Sold for $1,165,000

  • Multifamily property in San Diego

SAN DIEGO – March 16, 2016 – ACI Apartments is pleased to announce the recent sale of a 4 unit complex in the North Park. The 3,952 square foot property, located at 3966-3972 Louisiana Street, was purchased by The Sity Trust of 2004 for $1,165,000.

Terry Moore CCIM of ACI represented the El Cajon seller, Richard and Marilyn Sitta, as part of a 1031 tax deferred
exchange. The San Diego based buyer, The Sity Trust of 2004 was represented by Trent St. Louis of The Metropolitan Group.

The excellent location property consists of three 2bd/1ba units and a 3bd/2ba single family residence. There are four garages and a separate laundry room for the triplex. There is potential to split the properties. More information on the property can be found at vimeo.com/pacificvideopro/LouisianaB.

About ACI Apartments INC.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have specialized in apartment and investment property transactions, and 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