ACI Apartments is pleased to announce the recent sale of four units in the Vista neighborhood of San Diego. The 4,260 square foot property situated on a 11,734 square foot lot located at 825 Normark Terrace was purchased by The Bernard and Katherine Loveless Revocable Trust dated 12/5/14, of San Diego for $1,000,000.
The buyer was represented by Terry Moore CCIM of ACI Apartments as part of a 1031 tax deferred exchange. Moore has represented these clients on multiple transactions. The seller, also from San Diego, Hartmut Loch and Nancy Loch were represented by Marian Anthony of Anthony Realty Group.
The 1965 property consists of two 2bd/2ba units and two 2bd/1ba units and is located near all major services. There is rent upside potential by making additional upgrades to the property.
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