6 units in Mid-City area Sold for $1,200,000

4045 North 47th Street, 6 units in Mid-City area Sold for $1,200,000

SAN DIEGO – June 14, 2022
ACI Apartments is pleased to announce the recent sale of six units in the Mid-City/Teralta East area neighborhood of San Diego. The 2,759 square foot property situated on a 3,045 square foot lot located at 4045 North 47th Street was purchased by the Steve Fitch Trust, of Massachusetts for $1,200,000.
The buyer was represented by Terry Moore CCIM of ACI. The seller, Erik Barrientos Ortega Trust and Bertran B. Ortega from San Diego, were represented by Ryan Anderson of R.L.M. Equities.
The 1985 property consists of four 1/bd/1ba units and two studio/1ba units. There property had a new roof installed two years ago and some units have been upgraded to include granite counter tops, new cabinets and vinyl wood flooring. There is rent upside potential by making additional upgrades to the property.

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