ACI Apartments is pleased to announce the recent sale of a fourplex property in City Heights sold for $799,000. The 3,583 square foot property situated on a 5,774 square foot lot at 1562 Altadena Ave, was sold by 1562 Altadena LLC.
The seller was represented by Ricardo Lopez of ACI Apartments, and the buyer, Brian Nguyen and Vi Phuong Minh Vo were represented by Victor Phan. The property consists of a unit mix of two 2 bedroom 1.5 bath and two 1 bedroom 1 bath units.
Constructed in 1975, the property is located in a high-demand rental market. The location offers four tandem carport spaces and an onsite laundry room. The property is centrally located only 0.3 miles from the I-94 freeway, allowing for quick access to Downtown San Diego, the I-805, and the I-15 interchanges. The property is also within walking distance of a number of food and fitness locations as well as a number of area schools.
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