ACI Apartments is pleased to announce the recent sale of a 7 unit City Heights property. The 5,298 square foot property situated on a 6,081 square foot lot at 3825 47th Street in the CSan Diego neighborhood of City Heights was sold by Neel Pujara of Carlsbad, CA for $1,215,000.
The seller was represented by Anton Burman of ACI. The buyer, Algert James H Living Trust 01-05-06 and Vanessa Algert of Coronado, CA was represented by Mr. Burman also and used the proceeds from the sale of a one bedroom condo into this 7 unit subject property via a 1031 Tax Deferred Exchange.
This sale signifies the fourth transaction Mr. Pujara has coordinated with Mr. Burman within the past two years. It also represents the fourth transaction the Algert James H Living Trust 01-05-06 has coordinated with Mr. Burman or ACI within the past two years as well.
This property offers two garages and 8 off-street parking spaces. This property is gated and includes balconies in specific units.
The property is located just south of University Avenue and east of Highland and Landis Park. This unique location offers residents access to the heart of City Heights with recreation spaces, shopping, and a plethora of food options. City Heights Weingart Library and the City Center are all only a few blocks from the property.
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