ACI Apartments is pleased to announce the recent sale of a 6-unit complex in the El Cajon neighborhood of San Diego. The 6,468 square foot property situated on a 12,405 square foot lot located at 1069 Naranca Avenue was purchased by Cobb Investments LLC, of San Diego for $1,843,750.
The buyer was represented by Terry Moore CCIM of ACI as part of a 1031 tax deferred exchange. Moore represented the buyer on the sale of their down leg as well. The seller, also from San Diego, F & F Naranca L.P. was represented by James Carter of ARG.
The 1973 upgraded property consists of all 2bd/2ba units, gated access and ten parking spaces. All units are equipped with washer, dryers and air-conditioning.
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