6 Units in Escondido Sold for $955,000

Below is press release from April 13, 2015:

SAN DIEGO – ACI Apartments is pleased to announce the recent sale of a 6 unit complex in the Escondido neighborhood of the City of San Diego. The 5,049 square foot property, located at 1169 N. Escondido Blvd., was purchased by Moviva LLC for $955,000.

Terry Moore CCIM of ACI represented Moviva LLC and was part of a 1031 tax deferred exchange. The seller was represented Joe Siemienowski of Siemienowski & Associates.

The large corner lot is a gated complex and has five 2bd/2ba units and one 2bd/1ba unit. The three upstairs units have balconies and the three downstairs units have private backyards. There is abundant carport parking on this large lot.

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.