ACI Apartments is pleased to announce the recent sale of seventeen units in the Lemon Grove neighborhood of San Diego. The 14,654 square foot property situated on a 27,007 square foot lot located at 7570 Church Street was purchased by Juniper Village LLC and Ocean Village LLC, of San Diego for $4,738,776.
The buyer was represented by Terry Moore CCIM of ACI as part of a 1031 tax deferred exchange. The seller, also from San Diego, The David C. Overturf Trust was represented by David Andrews of Invest San Diego.
The 1987 property consists of eleven 2bd/2ba units and six 3bd/2ba unit. There are garages, parking spaces, storage spaces and onsite laundry. 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