ACI Apartments is pleased to announce the recent sale of a 9-unit complex in Normal Heights. The 6,420 square foot property situated on a 7,012 square foot lot at 4146 Swift Ave, was purchased by WSC Investment Partners, LLC for $1,950,000.
The buyer was represented by Ricardo Lopez of ACI Apartments. The seller, Robert Fraas was represented by Liz Martin of Sunset Pacific Realty.
The property has a unit mix of Four (4) 2 Bedroom/ 2 Bath and Five (5) 1 Bedroom/ 1 Bath units. All but one of the units were in original condition on the interiors. The property contains all new vinyl windows. The location has a newer stamped concrete courtyard and concrete parking spaces in the front and back of the property. In total there are 9 off-street parking spaces. In addition, the property has new gates and railing on all balconies and stairways.
This asset is located only a few blocks south of El Cajon Blvd between the I-805 and I-15 freeways. This allows for convenient access to two of San Diego’s most active freeways, providing immediate commute to many parts of San Diego county. Nearby Local food, retail, and recreation option create a desirable asset for long term tenants.
ACI Apartments 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 Apartments 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