14 units in El Cajon for $4,289,590

SAN DIEGO – May 19, 2021

ACI Apartments is pleased to announce the recent sale of fourteen units in the El Cajon neighborhood of San Diego. The 11,840 square foot property situated on a 16,569 square foot lot located at 424 Emerald Avenue was purchased by Hillside Village Properties LLC and Ocean Village LLC, of San Diego for $4,289,590.
The buyer was represented by Terry Moore CCIM of ACI as part of a 1031 tax deferred exchange. The seller, GLC Legacy Trust, from Nevada was represented by Adam Cairo and Seth Watje of Invest South Coast Commercial.
The 1959 property consists of eleven 2bd/1ba units and three 1bd/1ba units. There is onsite laundry and gated off street. 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