5 Unit Apartment Property in Encanto Sold for $940,000

SAN DIEGO, 10/29/2018

ACI Apartments is pleased to announce the recent sale of a 5-unit complex in Encanto. The property situated on a 10,801 square foot lot at 6222 Brooklyn Ave, was sold by Neel Pujara and Anuja Shah for $940,000.

The sellers were represented by Anton Burman of ACI. The buyer, Suzanne Kirchhoff was represented by Josh Brower from The Brower Group.

The property consists of five wonderfully maintained 2 bedroom and 1 bathroom units. Existing buildings on site include two stand-alone structures. A large carport offers tenants multiple off street parking options as well as an additional three single-car garages attached to the back building of the property.

Actual Cap at time of sale was 3.98% With 1 Vacancy and Actual GRM was 14.51. The property is located 7.1 miles from the epicenter of Downtown San Diego.

About ACI Apartments INC.

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