7 Units in City Heights Sold for $880,000

SAN DIEGO, June 16, 2016 – ACI Apartments is pleased to announce the recent sale of a 7 unit complex in City Heights, California. The 5,298 square foot property situated on a 6,081 square foot lot at 3825 47th Street was bought by Neel Pujara of Carlsbad, California for $880,000.

The buyer was represented by Anton Burman of ACI, and the seller was represented by Oceanside Rental Management. The property sold for $166 per square foot, with a GRM of 11.2 and a Cap Rate of 5.35%.

This property offers two garages and 8 off-street parking spaces. This property is gated and includes balconies in specific units.

About ACI Apartments INC.

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.  Please visit us online at www.aciapartments.com