ACI Apartments is pleased to announce the recent sale of an 8 unit complex in the La Mesa neighborhood of San Diego. The 6,500 square foot property situated on a 7,518 square foot lot located at 4280-4284 Schoolridge Lane was purchased by Snider Property #2 LLC of San Diego for $1,695,000.
Both the buyer and seller were represented by Terry Moore CCIM of ACI. Moore has done multiple transactions with this buyer and the seller. The San Diego seller, The Abrams-Meyn Family Trust sold the property as part of a 1031 tax deferred exchange.
The property consists of seven 2bd/1ba units, one 1bd/1ba and ten parking spots. Sloped roof and $70K of upgrades means lower maintenance costs for the new owner. More information on the property can be found at https://vimeo.com/realestateshowcase/4280schoolridge.
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