A 3 Unit Apartment Building Plus 1 Commercial Store Front in City Heights Sold for $1,050,000

SAN DIEGO, August 31^st 2016 – ACI Apartments is pleased to announce the recent sale of 2 parcels side-by-side in San Diego in the City Heights community. The sales combined a 3 unit apartment complex alongside an adjacent Commercial Building. The 3 unit 2,452 square foot property situated on a 4,682 square foot lot at 3861 42^nd St, next to a 4,962 square foot commercial building situated on a 7,193 square foot lot at 3869 42^nd St was bought by Rafter Roberts and Lizeth Santos of for $1,050,000

The buyers from San Diego were represented by Matt Hoyt of ACI, and the seller, Tuyetmai Nguyenpham, from San Diego was represented by Rob Bloom from Duhs Commercial.

The 3 units consisting of one 3 bedroom 1 bath home and two 2 bedroom 1 bath apartments sold for $575,000. The adjacent commercial building sold for $475,000, for a combined packaged sale price of $1,050,000. San Diego’s City Heights neighborhood continues to show promise and expansion as this community enjoys new development and buyers looking to rejuvenate the area and improve the condition of the buildings.

 

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