40 Unit Multifamily Property in Sacramento Sold for $4,000,000

SAN DIEGO, April 15, 2019

ACI Apartments is pleased to announce the recent sale of a 40-unit apartment complex in Sacramento, CA. The 32,000 square foot property consisting of 10 buildings at 6304 Lemon Hill Ave, was sold by Leonard and Alta Gray for $4,000,000.

The sellers were represented by apartment broker Doug Taber, CCIM of ACI Apartments. The buyer, Mina Rezaei was self-represented.

Built in 1965, this garden style apartment community boasts an incredible unit mix of all two-bedroom, one-bathroom units. The property is situated on approximately 1.62 acres and is landscaped with mature trees. Community amenities include a large courtyard, owned laundry facility, leasing office, BBQ area, security gate, and 42 onsite parking spaces.

The property is located across from Will C Wood Middle School only a short distance from the 65th Street Expressway. Tenants are within only a few blocks of Artivio Guerrero Park and can easily gain access to South Sacramento Freeway 99.

About ACI Apartments INC.

ACI Apartments 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