ACI Apartments is pleased to announce the recent sale of Maple Polynesian Apartments, a 6-unit complex located in Carlsbad, CA 92008. The 3,618 square foot property, located at 137 Maple Ave., was purchased by LA Mer Properties LP for $2,300,000.
Dave Savage of ACI represented LA Mer Properties LP, Buyer. The property commanded a premium due to the units being located less than ½ a block from the Pacific Ocean. The property had 1 unit vacant at time of sale.
The Maple Polynesian Apartments consists of six 1 Bedroom /1 Bath units. A laundry room is located on-site for the tenant’s convenience. This property has the opportunity for increased rents.
Maple Polynesian Apartments is located on a 6,116 square foot lot and sold for $383,333 per unit. Additionally, the purchase price per square foot was $635.71. The rental rates for the 1 Bedroom / 1 Bath units ranged from $1,600-$1,995 at time of sale.
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