ACI Apartments is pleased to announce the recent sale of nine units in the North Park area neighborhood of San Diego. The 6,700 square foot property situated on a 6,970 square foot lot located at 4018 Alabama Street was purchased by JWC Investments LLC, of San Diego for $4,070,000.
The San Diego seller, F & F 4018 Alabama St Partners LP were represented by Terry Moore CCIM of ACI Apartments, as part of a 1031 tax deferred exchange. The buyer was represented by Philip Buckley of CBRE.
The desirable North Park property consists of a superior unit mix of eight 2/bd/1ba units and a newly created conforming studio apartment. There is a gated entry, and each unit has a patio or balcony.
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