ACI Apartments is pleased to announce the recent sale of four duplexes in the Lemon Grove neighborhood of San Diego. The properties, 8 units split between four parcels, ranging from 1716 to 2380 square feet are situated on lots ranging from 9195 to 11,427 square feet. Located at 2820-2832 Massachusetts Avenue, the assets were purchased by The Sayad Ali Trust of San Diego for $1,650,000.
The buyer was represented by Terry Moore CCIM of ACI Apartments. The seller, Erin Green, who inherited the property and lives in Florida was represented by Tony Francoeur and Mark Stuhmer of SD Coastal Real Estate.
Each duplex has its own parcel number. The properties consist of four 3bd/2ba units, two 2bd/2ba units, one 2bd/1ba unit and one 1bd/1ba unit. Each unit has a private yard and the three bedrooms have garages. There is significant rent upside potential by making upgrades to 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