ACI Apartments is pleased to announce the recent sale of seven units in the City Heights neighborhood of San Diego. The 4,590 square foot property situated on a 6,642 square foot lot located at 4221 48th Street was purchased by The Hart G. and Barbara G. Klein Family Trust, of San Diego for $1,750,000.
The buyer was represented by Terry Moore CCIM of ACI as part of a 1031 tax deferred exchange. The seller, LOV LLC, of Virginia was represented by Cliff Arellano and Bobby Martins of eXp Realty.
The 1990 property consists of one 3bd/2ba, one 2bd/2ba, two 2bd/1ba and three 1bd/1ba units and is near San Diego State University. There is rent upside potential by making additional upgrades to the property.
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