6 Units in Golden Hill Sold for $1,200,000

Below is a press release from August 8, 2014:

SAN DIEGO – ACI Apartments is pleased to announce the recent sale of a 6-unit complex in the Golden Hill neighborhood of San Diego. The 4,289 square foot property, located at 2828 C Street, was purchased by American A-One Company for $1,200,000.

Terry Moore CCIM of ACI represented The John Barthell Trust, Buyer. The Seller was represented by Sally Schoeffel of Rancho Buena Vista Real Estate.

The property consists of five 2 bedroom/1 bath units and one 1 bedroom/1 bath unit. The property has been recently upgraded and the Buyers will make substantially more improvements to this asset. There’s a 30-unit townhome project being completed 100 yards away which will dramatically upgrade the immediate neighborhood.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have specialized in apartment and investment property transactions, and 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.