Record Alert – 7 unit multifamily property in City Heights Sold for $1,400,000

SAN DIEGO, February 24, 2017

ACI Apartments is pleased to announce the recent sale of a 7 unit multifamily property in City Heights selling for a record price of $200,000 per unit. This record accounts for all non-remodeled properties in the San Diego neighborhood of City Heights, east of the 15 freeway. The approximately 4440 square foot property situated on a 5175 square foot lot at 3684 42nd Street was sold by Mohammad Emami of San Diego for $1,400,000.

The seller was represented by Arby Eivazian of ACI, and the buyers, Hong Bin Sun and Chang Gang Zhang also of San Diego were represented Linjun Li of Bayview Realty, Inc.

Built in 1989, the property consists of all 2 bedroom and one bathroom units. Covered and uncovered parking spaces are available on site along with a laundry facility. The property is centrally located near many City Heights hubs for transportation, shopping, and schools. The building is only a few blocks from Interstate 15, Highland and Landis Park, and the City Heights Weingart Library.

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