ACI Apartments is pleased to announce the recent sale of a 4-unit complex in the Pacific Beach neighborhood of San Diego. The 3,354 square foot property situated on a 6,245 square foot lot located at 1536-1538 Reed Avenue was purchased by The Alan Dehghan Trust, of San Diego for $1,900.000.
The San Diego seller was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The buyer was represented by Anni Grimes of CB Commercial NRT.
The 1984 property consists of a detached front house and a triplex, all desirable two-bedroom, two bath units. There are four garages, six parking spaces and onsite laundry. Just a short bike ride to the beach.
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