5 Units in Golden Hill Sold for $1,050,000

ACI Apartments is pleased to announce the recent sale of a 5 unit complex in the Golden Hill neighborhood of the City of San Diego. The 4,380 square foot property, located at 1226 23rd Street, was purchased by The John G. Barthell Family Trust for $1,050,000.

Terry Moore CCIM of ACI represented the John G. Barthell Family Trust, Buyer. This transaction is the second time Moore has represented Barthell. Buyer intends to substantially upgrade the asset. The Seller was represented by Brock Walsh of Walsh Properties.

The Golden Hill turn of the century classic consists of four large two bedroom one bath units plus a detached two bedroom one bath cottage and is just minutes from downtown San Diego and Balboa Park. The units have hardwood floors, built-in cabinets and some have an enclosed sun porch or balcony. This property has the opportunity for increased rents.

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.