7 units in San Marcos Sold for $1,095,000

  • Multifamily property in San Diego

SAN DIEGOApril 11, 2016 – ACI Apartments is pleased to announce the recent sale of a 7 unit complex in the San Marcos neighborhood of the City of San Diego. The 4,020 square foot property situated on a 10,454 square foot lot at 3421 Polley Drive, was purchased by Mark H. Nys and Maria E. Luoni for $1,095,000.
The above buyer was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The seller, The Robert J. and Sharon L. Armao Trust, from San Diego, was represented by Aaron Bove and Gregory Colligan of Marcus & Millichap.

The scenic hilltop view property consists of two 1bd/1ba, four 2bd/2ba units and one non-conforming studio currently in the process of being permitted by the city. There are six garages along with tandem parking spaces and on-site laundry. Many upgrades have been completed in the last year, including two fully renovated units, several new appliances, windows, fencing and a re-surfaced driveway.

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