ACI Apartments is pleased to announce the recent sale of 13 units in the Ramona neighborhood of San Diego. The 12,805 square foot property situated on a 17,975 square foot lot located at 733 B Street was purchased by JC Strategic LP, of San Diego for $2,640,000.
Terry Moore CCIM of ACI represented both the buyer and seller. Moore has represented both clients on other transactions. The seller, T. Michael Turney and Benjamin Fried, Successor Trustees of the Hulter Family Trust, also from San Diego, sold the property as part of a multiple parcel estate sale.
The 1987 property consists of eight 2bd/2ba units and five 2bd/1ba units. There are fifteen parking spaces and onsite laundry, as well as air conditioning and balconies or yards. There is rent upside potential by making additional upgrades to the property.
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