5 units in North Park Sold for $1,205,000

SAN DIEGO –  March 30, 2017

ACI Apartments, Inc, is pleased to announce the recent sale of 5 units in North Park, a neighborhood in San Diego. The 2,792 square foot property situated on a 6,977 square foot lot located at 4042-4048 Ohio Street, was purchased by Kevin Crikelair and Julie Abraham for $1,205,000.

The San Diego seller, Holland Clem, was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The buyer named above, from San Diego, was represented by Chris Siedenburg, also of ACI Apartments, Inc.

The property located in the heart of North Park consists of two single family homes, three apartments and five garages. Unit mix is one 2bd/1ba SFR, one 1bd/1ba SFR, two 1bd/1ba, and one studio/1ba apartment. Rents are far below market and offer immense upside. More information on the property can be found at  https://vimeo.com/195529100.

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