4 Units in North Park Sold for $950,000

Below is a press release from August 28, 2014:

San Diego – ACI Apartments is pleased to announce the recent sale of a 4 unit complex in North Park. The 2,947 square foot property, located at 3744 Herman Ave, was purchased by Yokiko Sakurai for $950,000.

The seller, Welch Family Trust, were represented by Ricardo Lopez and Keith Courtney of ACI and the buyer was represented by Manabu Kagiyama of YS Investments, Inc. The sale was an all cash transaction. Escrow was handled by Teresa McElaney of Chicago Title. Debbie Boyd of Fidelity National Title handled the title insurance.

This investment property is located just one block south of University Ave between 31st Street and 32nd Street. Built in 1948 in walker’s paradise, Hartley’s North Park, the property offers the perfect blend of vintage elegance and modern comfort in a spacious 1,230 sq. ft., 3bd, 2ba home, featuring living/dining room, wood floors, cozy fireplace and abundant windows/lighting. Just steps away from restaurants, cafe’s, farmers market, theatre and shopping. The property also offers ample parking with 3 single car garages & 3 additional spaces and a rear Triplex consisting of 1bed / 1bath units providing an excellent opportunity for additional income in a highly sought after rental market.

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.