ACI Apartments is pleased to announce the recent sale of a 9 unit complex in University Heights, a neighborhood in San Diego, CA. The 6,120 square foot property situated on a 6,970 square foot lot at 4533 North Ave was sold by Eric Graves of EAG Group LLC of Point Loma for $2,280,000.
The seller was represented by Norm Root of ACI, and the buyer, Vaeurus Urban Lifestyles Fund II, LLC of San Diego was represented by Chris Robinson from ACRE.
The property, consisting of a unit mix of six 1 bed/ 1 bath and three 2 bed/ 1.5 bath spaces, features four covered and five uncovered parking spaces. The location is notable for being block from Trolley Barn Park, bus lines, schools, coffee shops, restaurants, and boutiques. The property also has a number of unique features, including storage spaces, patio area, and a laundry room facility.
About ACI Apartments INC.
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