ACI Apartments is pleased to announce the recent sale of a 4-unit complex in the National City neighborhood of San Diego. The 2,876 square foot property situated on a 6228 square foot lot located at 2011 B Avenue was purchased by Johnny Li of San Diego for $875,000.
The San Diego seller was represented by Terry Moore CCIM of ACI Apartments, as part of a 1031 tax deferred exchange. The buyer, Johnny Li was represented by Hui Wang also of Nautilus Real Estate.
The 1972 property consists of one 3bd/2ba unit, two 2bd/1ba units, and one 1bd/1ba unit. There are five parking spaces and the property is nearby to schools, shopping and major freeways. There is significant rent upside potential by making upgrades to the units.
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