ACI Apartments is pleased to announce the recent sale of a 7 unit complex in the Escondido neighborhood of San Diego. The 5,454 square foot property situated on a 14,269 square foot lot located at 310 E. Washington Avenue was purchased by Paolo & Elisa LLC of San Diego for $1,800,000.
The buyer was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. Moore has done multiple transactions with this client over the years. The seller, Gordon Reese and Castelforte LLC, also from San Diego was represented by Chris Zorbas of Marcus & Millichap.
The 1984 property consists of all 2bd/1ba units with open parking spaces and a separate laundry room. Seller has done some upgrades.
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