4 units in Ocean Beach Sold for $1,088,000

SAN DIEGO – October 24, 2016 – ACI Apartments is pleased to announce the recent sale of a 4 unit complex in the Ocean Beach neighborhood of the City of San Diego. The 2,740 square foot property situated on a 4,125 square foot lot at 4256 Montalvo Street, was purchased by Roger Carr for $1,088,000.

The San Diego buyer was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. Moore has done several transactions with this buyer. The seller, The F. Alan Goodman Trust, from San Diego, was also represented by Moore as part of a 1031 exchange.

The beach property consists of two 1bd/1ba and two 2bd/1ba units. There are three garages and the property is a short walk to the Point Loma YMCA. Rents can be raised with modest upgrades. More information on the property can be found at www.vimeo.com/pacificvideopro/montalvob.


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