SOLD: 8 Units Multifamily Complex in City Heights for $1,230,000

SAN DIEGO, August 2, 2016 – ACI Apartments is pleased to announce the recent sale of an 8 unit complex in the San Diego neighborhood of City Heights. The 5,354 square foot property situated on a 6,251 square foot lot at 3777 46th Street, was sold by the Donna J. Cunning Living Revocable Trust of Brighton, CO for $1,230,000.

The seller was represented by Terry Moore CCIM of ACI, and the buyer, Dan Schon from La Jolla, CA was represented by Stephanie Nisan from Bennion Deville Homes.

Centrally located near many City Heights hubs for transportation, shopping, and schools, the property has been given over $8000 of improvements in the last year including new heaters and fresh interior paint. Double car garages and gated access add extra appeal. All rents for the property were raised effective June 1st and property improvements offer improved cash flow.