10 units in North Park Sold for $2,460,000

SAN DIEGO, November 10, 2016

ACI Apartments is pleased to announce the recent sale of a 10 unit North Park multifamily apartment sold for $2460,000. The 6,264 square foot property situated on a 6,978 square foot lot located at 4158-4164 ½ 32nd Street, was purchased by Plotts Real Estate LP of San Diego.

The buyers were represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The seller, North Park Apartments San Diego LP, from San Diego, was represented by Kip Malo and Darcy Miramontes of Jones, Lang & LaSalle.

The property is located in the heart of North Park consists of seven 1bd/1ba and three 2bd/1ba units. There is assigned parking, a community courtyard and on-site laundry. The property has recently undergone extensive interior and exterior renovations.

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