7 units in City Heights Sold for $1,645,000

  • 4255 Winona Avenue, 7 units in City Heights Sold for $1,645,000

SAN DIEGO – June 15, 2018

ACI Apartments is pleased to announce the recent sale of a 7 unit complex in the City Heights neighborhood of San Diego. The 5,022 square foot property situated on a 6,460 square foot lot located at 4255 Winona Avenue was purchased by The Marc and Amelia Ausman Trust and WINCTC LLC of San Diego for $1,645,000.

The buyers were represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The seller, The Jack and Celia Barouh Trust, also from San Diego was represented by Benn Vogelsang of South Coast Commercial.

The 1990 property consists of one 3bd/2ba, one 2bd/2ba, two 2bd/1ba and three 1bd/1ba units. There are five single car garages and additional off-street parking. Five of the units have been remodeled including new kitchen cabinets, bathroom vanities and more.

At the time of sale, the property had a GRM of 13.34 and a Cap Rate of 4.9%.

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