20 Unit Multifamily Property in North Park Sold for $4,500,000

  • 4161-67 Iowa Street, 20 unit multifamily property in North Park

SAN DIEGO, March 29, 2017

ACI Apartments is pleased to announce the recent sale of a 20 unit multifamily property in North Park, a neighborhood of San Diego, CA. The 12,996 rentable square foot property situated on a 14,400 square foot lot at 4161-67 Iowa Street was sold by Groebli Family Trust of La Jolla for $4,500,000.

The seller was represented by Norm Root of ACI. The buyer, WSC Investment Partners, LLC from San Diego was represented by Robert Vallera of Voit Real Estate Services.

The property consists of two 10 unit apartment buildings built in 1958/1961. The unit mix includes one 2br/2ba, five 2br/1ba, and twelve 1br/1ba units along with two studios. This property has never before been on the market. It has been owned by the owner/builder since construction. Located just a few blocks west of North Park Community Park, the property enjoys easy access to El Cajon Blvd and the 805 freeway. This provides easy access to area restaurants, shopping destinations, and local recreational 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