18 units in Logan Heights Sold for $3,010,000

Below is a press release for January 26, 2016: ACI Apartments is pleased to announce the recent sale of an 18 unit complex in the Logan Heights neighborhood of San Diego. The 12,600 square foot property, located at 4396 Delta Street, was purchased by The Ekman Family Trust for $3,010,000.

Terry Moore CCIM of ACI represented the San Diego seller, Moshe Dayan LP, a California Limited Partnership, as part of a 1031 tax deferred exchange. The San Diego buyer, The Ekman Family Trust was represented by David Andrews of Invest San Diego.

The fully renovated property has a superior unit mix of all 2bd/1ba units. Seller has done $400K of upgrades including new roof, new sewer pipe, enhanced electrical systems, new kitchen and baths, cabinetry, appliances and much more. Additional information on the property can be found HERE.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have specialized in apartment and investment property transactions, and 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.