Sold: 9 units for $1,425,000 in North Park

Below is a press release from June 20, 2014:

SAN DIEGO – ACI Apartments is pleased to announce the recent sale of a 9-unit complex in the North Park neighborhood of San Diego. The 4,488 square foot property, located at 3917-31 Hamilton Street, was purchased by Hillcrest Hale, LLC for $1,425,000.

Terry Moore CCIM of ACI represented the buyer, Hillcrest Hale LLC. The seller was represented by Brian Barnard and Tom McCartin of Marcus & Millichap.

The property consists of eight 1bd/1ba units and one 2bd/1ba unit on a large 14,000 square foot lot. All units also feature private yards.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have 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.