15 Unit Multifamily Sold for $3,850,000

4438 56th Street, 15 Unit Multifamily Sold for $4,050,000

SAN DIEGO, 11/5/2019

ACI Apartments is pleased to announce the recent sale of a 15-unit complex in San Diego’s College Area. The 14,458 square foot property situated on a 19,631 square foot lot at 4438 56th Street, was sold by Esther Daniels for $3,850,000.

The seller was represented by Arby Eivazian of ACI Apartments. The buyer, San Diego Youth Foundation was also represented by Arby Eivazian of ACI Apartments.

Built in 1978, this two-story property consists of a unit mix of fifteen (15) all 2BR/2BA. In addition to street parking along Adelaide Avenue and 56th Street, the location boasts 23 off-street parking spaces. This includes 2 single car garages and 8 carports. The location of this property is only a six-minute drive (1.5 miles) from San Diego State University.

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