3 Units in El Cajon Sold for $795,000

SAN DIEGO, – ACI Apartments is pleased to announce the recent sale of a three unit complex located in El Cajon, California. The 2,982 square foot property located at 751 West Chase Avenue was purchased by Darrell & Therese Hively of San Diego for $795,000.

Arby Eivazian of ACI represented the buyers, Darrell C Hively and Therese Hively of Santee. The seller, Meiling Curatolo of El Cajon, was represented by Nam V Pham of Greenland Real Estate.

The unique property consists of three detached house-like units; one 2 bedroom 1 bathroom house, one 3 bedroom 1 bathroom house and one 3 bedroom 2 bathroom house.  Each home has a large back yard and ample amounts of off-street parking.

This El Cajon Triplex located on a 27,878 square foot lot sold for $265,000 per unit. The purchase price per square foot was $226.60.  There was one vacancy at time of sale in the 3 bedroom 1 bathroom unit. The rental rates for this property were $1,150 for the 2 bedroom 1 bathroom unit and $1,650 for the 3 bedroom 2 bathroom unit.

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