28 Unit Multifamily Complex in Ramona Sold for $4,050,000

SAN DIEGO, 1/10/16

ACI Apartments is pleased to announce the recent sale of the 28 unit multifamily complex in Ramona, California called the “Santa Maria Creek Apartments”. The 22,880 square foot property situated on a 42,253 square foot lot located at 1606 Montecito Rd was purchased by David Sterling of San Diego for $4,050,000.

The Buyer was represented by Chuck Hoffman and Tiffany Hoffman of ACI, and the Seller, CGI1 LP of the Tierrasanta area of San Diego was represented by Steve Huffman from Huffman Properties, Inc.

The property consists of all 2 bedroom and 1 bathroom units and comes complete with gated access for added privacy and off-street parking. Listed amenities include BBQ space and a recently refinished pool. New exterior paint, cap sheet roofs with a 5 year warranty, new parking lot seal, refinished pool and plaster, upgraded landscaping, and new iron rails throughout mean there should be minimal capital improvements in the coming years. The property is within close proximity to Main Street and California State Route 78.


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