15 Units Complex in Talmadge Sold for $2,250,000

SAN DIEGO, April 22, 2016 – ACI Apartments is pleased to announce the recent sale of a 15 unit complex in Talmadge. The 8980 square foot property situated on a 10,660 square foot lot at 4405 Menlo Avenue was sold by the Holder Trust of San Diego for $2,250,000.

The Seller was represented by Keith Courtney of ACI. The Buyer, Immobilier Fund, LLC of Rancho Santa Fe was represented by Cristina Munteanu from PacBlu Real Estate.

The property, built in 1970, has a good unit mix of twelve 1 bedroom/1 bathroom, two 2 bedroom/2 bathroom, and one 2 bedroom/1.5 bathroom townhome. Residents have access to off street parking spaces and a community laundry room. The complexes location above El Cajon Blvd provides close walking distance to many local restaurants, retail, and grocery store spaces.

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