SAN DIEGO – June 22, 2016 – ACI Apartments is pleased to announce the recent sale of an 8 unit complex in Fallbrook, an unincorporated area of San Diego County. The 6,456 square foot property situated on a 17,424 square foot lot at 120 E. Kalmia Street, was purchased by Poddoubnyi Family, Ltd Partnership for $1,047,000.
The buyer was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The seller, The Scott N. Holmes and Terry L. Holmes Trust, from San Diego, was represented by Aaron Bove and Gregory Colligan of Marcus & Millichap.
The 1992 property consists of all 2bd/1ba units with ample resident parking. There is on-site laundry and the property is located within one mile from the Towne Center Shopping Center. There is significant upside in rents.
About ACI Apartments INC.
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