6 units in Imperial Beach Sold for $1,350,000

SAN DIEGO – March 7, 2016 – ACI Apartments is pleased to announce the recent sale of a 6 unit complex in Imperial Beach. The 5,250 square foot property, located at 1151-1163 Grove Avenue, was purchased by Mark H. Nys and Maria E. Luoni of Chula Vista for $1,350,000.

Terry Moore CCIM of ACI represented the San Diego buyers, Mark H. Nys and Maria E. Luoni, as part of a 1031 tax deferred exchange. Moore also handed the sale of their down leg transactions. The Downtown San Diego based seller, The Kreutzkamp Separate Property Trust was represented by Mark Morgan and Dave Savage also of ACI Apartments.

The unique property consists of six large 2bd/1ba detached units and seven garages with washer/dryer hookups. There are four additional off-street parking spaces. The interiors feature a large modern open kitchen, dining areas, large living rooms, two ample sized bedrooms and a full size bathroom. More information on the property can be found at https://vimeo.com/147614149.

About ACI Apartments INC.

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.  Please visit us online at www.aciapartments.com