ACI Apartments is pleased to announce the recent sale of a 5 unit building in the Escondido neighborhood of San Diego. The 4,800 square foot property situated on a 16,328 square foot lot located at 1309 S. Juniper Street was purchased by Golden Grizzly Peak LLC, a Nevada LLC for $1,377,500.
The seller, Snider Property #2, LLC, a California LLC was represented by Terry Moore CCIM of ACI as part of a 1031 Tax Deferred Exchange. Moore has represented these clients on multiple transactions. The buyer was represented by Cody Evans of South Coast Commercial.
The 1971 property consists of five 2bd/1ba units. There are five two- car garages and onsite laundry. There is rent upside potential by making additional upgrades to the property.
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