9 units in Bankers Hill Sold for $4,340,000

SAN DIEGO – July 20, 2022
ACI Apartments is pleased to announce the recent sale of nine units in the Bankers Hill neighborhood of San Diego. The property is situated on a 9,521 square foot lot located at 3354-3370 1st Avenue and was purchased by The Cynthia C. Underwood Family Trust, of San Diego for $4,340,000.
The buyer was represented by Terry Moore CCIM of ACI Apartments. The seller, The Salvatore and Maria Zizzo Family Trust, also from San Diego, were represented by Salvatore Cefalu of Keller Williams.
The prime location property consists of two 2/bd/1.5ba units, four 2bd/1ba units, two 1bd/1ba units and one studio unit. There are five garages and common laundry. The property has not been on the market in over 45 years. There is rent upside potential by making additional upgrades to the property.

About ACI Apartments INC.
Since 1982, ACI Apartments has been a leader in San Diego apartment investment. With over 148 years of combined leadership experience between its senior staff, ACI has helped countless clients reach their investing goals through billions in transaction revenue. Please visit us online for more information at www.aciapartments.com