20 Units in San Diego Sold for $3,000,000

Below is a press release from August 4, 2015:

ACI Apartments is pleased to announce the recent sale of a 20-unit complex in San Diego. The 14,000 square foot property, located at 4130 38th Street, was purchased by HS Partners LLC for $3,000,000.

The seller, 38th Street Partners LLC, was represented by Chris Siedenburg of ACI and the buyer was represented by Robert Vallera of Voit Commercial. Escrow was handled by Janine Allen of Chicago Title. Curtis Taplin of Fidelity National Title handled the title insurance.

This investment property is located just North of University Ave between 37th St and 39th St Built in 1968, this pride of ownership complex consists of seventeen one bed, one bath units & three 2-bedroom 1-bath units., It is a garden style property including spacious floor plans, concrete driveways, gated clean courtyard with large palm trees and succulent plants for a peaceful environment for the community.

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.