10 Unit Multifamily Property in North Park Sold for $2,950,000

4033 Florida Street, 10 Unit Multifamily Property in North Park Sold for $2,950,000

SAN DIEGO, 11/30/2020

ACI Apartments is pleased to announce the recent sale of a 10-unit complex in the San Diego neighborhood of North Park. The 6,042 square foot property situated on a 7,494 square foot lot at 4033 Florida Street, was purchased by MHM Investments LLC for $2,950,000.

The buyer was represented by Christina Labowicz of ACI Apartments. The seller, Thomas Plotts was represented by Carson Trujillo of Marcus and Milichap.

The property consists of 6 remodeled units, 4 original units, some with upgrades. The asset is in a great location within trendy North Park, within proximity to the 163 freeway and I-805.

“Two different generations of investors purchased the building in a joint venture” explains Christina Labowicz of ACI Apartments, who represented the buyer side. “All parties were excited to bring the next generation of investors into the business with this purchase.”

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