ACI Apartments is pleased to announce the recent sale of a 2-unit complex in Imperial Beach, CA. The 2,856 square foot property situated on a 6,965 square foot lot at 1026-1028 Georgia Street, was bought by Phyo Ko of San Diego, CA and sold by Michael Baltodano for $1,170,000.
The buyer, Phyo Ko, was represented by Christina Labowicz of ACI Apartments, and the seller, Michael Boltodano, was represented by Michelle Pratt from Family Tree Realty & Investments inc.
Both units are in need of TLC, but ultimately, the buyer will enjoy a stabilized GRM of less than 13.54, making this a great long-term investment for the buyer’s family.
Since 1982, ACI Apartments has been a leader in San Diego apartment investment. With over 148 years of combined leadership experience between its senior staff, ACI has helped countless clients reach their investing goals through billions in transaction revenue. Please visit us online for more information at www.aciapartments.com