ACI Apartments is pleased to announce the recent sale of a duplex in the Lemon Grove neighborhood of San Diego. The 1,960 square foot property situated on a 9,745 square foot lot located at 2830-2832 Massachusetts Avenue was purchased by The Polk Trust, of San Diego for $547,950.
The San Diego seller, Massachusetts Grove LLC was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. Moore represented this client when he purchased the property. The buyer was represented by Richard Man of Woodman Real Estate and Investments.
The 1976 property consists of two 2bd/1ba units. Each unit has washer/dryer hookups and its own water heater. The property is close to schools, restaurants, and major freeways. There is rent upside potential by making additional 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