ACI Apartments announces the sale of a 28-unit complex in Spring Valley. The 27,360 square foot property on a 43,560 square foot lot at 9109 Kenwood Drive was purchased by The Chasin Coleman Trust, of San Diego for $6,000.000.
The buyer was represented by Terry Moore CCIM of ACI. Moore has represented these clients on multiple transactions. The seller, also from San Diego, Kenwood LLC was represented by Jeff Goodall Jr. of Berkshire Hathaway.
The 1985 property consists of twenty-seven 2bd/2ba units and one 2bd/1ba unit. There are over forty parking spaces and onsite laundry. 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, ACI has specialized in apartment and investment property transactions, and 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. Their website is www.aciapartments.com.