6 Units in San Diego Sold for $1,120,000

Below is a press release from October 8, 2015:

ACI Apartments is pleased to announce the recent sale of a 6 unit complex in San Diego. The 3,592 square foot property, located at 4227 Iowa Street, San Diego, CA 92104, was purchased by the HS Partners LLC for $1,125,000.00. The Cap rate was 3.68 with a GRM of 14.76.

Brian Raynoha of Apartment Consultants, Inc represented the seller Erik & Kristyn Thompson. The Buyer were represented by Robert Vallera CCIM & Matthew Kennedy.

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.