20 units in Ramona Sold for $2,640,000

  • Multifamily property in San Diego

SAN DIEGO – March 22, 2016 – ACI Apartments is pleased to announce the recent sale of a 20 unit complex in Ramona. The 16,576 square foot property, located at 1528 Montecito Road was purchased by Shadow Glen Annex LP for $2,640,000.

Terry Moore CCIM of ACI represented the La Jolla buyer, Shadow Glen Annex LP. The Rancho Santa Fe based seller, BAJC Properties LLC was represented by Ray Adams of Cushman Wakefield.

The desirable property consists of fourteen 2bd/2ba and six 1bd/1ba units. There is ample parking. The downstairs units have private fenced yards and the upstairs units have private balconies. The majority of the units have been upgraded over the last five years, including new tile flooring, improved kitchens, lighting fixtures and bathroom vanities. An on-site well reduces operating expenses.

About ACI Apartments INC.

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.  Please visit us online at www.aciapartments.com