10 units in Escondido sold for $2,544,000

SAN DIEGO – April 21, 2021

ACI Apartments is pleased to announce the recent sale of a 10 unit building in the Escondido neighborhood of San Diego. The 7,680 square foot property situated on a 24,583 square foot lot located at 528-530 Tulip Street was purchased by Blue Mountain Peak LLC, a Nevada LLC for $2,544,000.

The seller, Snider Property #2, LLC, a California LLC was represented by Terry Moore CCIM of ACI as part of a 1031 Tax Deferred Exchange. Moore has represented these clients on multiple transactions. The buyer was represented by Cody Evans of South Coast Commercial.

The 1976 property consists of eight 2bd/1.5ba units and two 1bd/1ba units. There are thirteen single car garages. five parking spaces and onsite laundry. There is rent upside potential by making additional upgrades to the property.

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