18 Units in Talmadge Sold for $3.4 Million

SAN DIEGO, March 11, 2016 – ACI Apartments is pleased to announce the recent sale of an 18 unit complex in San Diego, CA. The 15,120 square foot property situated on a 10,120 square foot lot at 4471 44th Street, was sold by Rancho Rojo Investments, Inc & Morning Glass, Inc both California corporations for $3,400,000.

The seller was represented by Brian Raynoha of ACI, and the buyer was represented by Darcy Miramontes of JLL.  The property sold at 14.15 GRM, 4 CAP, 189K per unit and $224 per square foot. Escrow was handled by Teresa McElaney at Chicago Title and title policy was issued by Jamie Nalley also at Chicago Title.

The unit mix consist of 9 two bedroom 2 bath units and 9 one bedrooms. The complex consist of one large 3 story building with subterranean parking.