20 units in Lakeside Sold for $3,300,000

SAN DIEGO – August 25, 2016 – ACI Apartments is pleased to announce the recent sale of a 20 unit complex in the City of Lakeside. The 5,928 square foot property situated on an 11,856 square foot lot at 12369 Lakeshore Drive, was purchased by Roger Carr of San Diego for $3,300,000.

Both the buyer above and seller, MOT I, LLC, of San Diego, were represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. Moore has done multiple transactions with this buyer and seller.

The renovated property consists of twelve 2bd/1ba and eight 1bd/2ba units. The seller has completed $350K of upgrades to the property including a new roof, fencing, landscaping, paint and parking lot. More than $200K has gone into the interiors and includes appliances, flooring, paint, new kitchens and baths. More information on the property can be found at https://vimeo.com/167521422.

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