4 Unit Property in Hillcrest Sold for $2,100,000

SAN DIEGO, February 12, 2021

ACI Apartments is pleased to announce the recent sale of a 4-unit complex in the San Diego neighborhood of Hillcrest. The 3,372 square foot property situated on a 6,749 square foot lot at 3639-45 1st Ave, was sold by George M. Nefores Jr. for $2,100,000.
The seller was represented by Adam Jacks of ACI Apartments. The buyer, The Salazar Family Trust, was represented by Robert Vallera of Voit.
The property consists of a Spanish-style triplex with a unit mix of two (2) 2BR/1BA and one (1) 2BR/1.5BA units as well as a 2BR/1BA Craftsman-style house. Each unit in the triplex has its own private patio/pergola and storage units. The house has a single car garage with a deck on the roof.
The property includes a laundry room, three (3) additional parking spots, and is zoned at RM-3-9. This means there is potential to build more units behind the triplex. The property sold at full asking price after only 21 days active.

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