8 Units across Two Properties in Lemon Grove Sold for $1,791,000

SAN DIEGO – December 7, 2016

ACI Apartments announced the recent sale of 8 units at 7131 & 7135 Westview Place, two properties in Lemon Grove sold for $1,791,000. The two adjacent buildings had a combined square footage of 25,383 located outside of the city of San Diego. The lots had a combined building square footage of 8,960. The properties were sold by Larry & Hoa Dershem of Oceanside, CA.

Arby Eivazian and Anton Burman of ACI represented the sellers listed above. Mr. Burman alone represented the buyer, Jim Algert of Imperial Beach, CA.

The properties consist of 3 bedroom, 2 bathroom units with an average size of 1,120 square feet. The location offers 8 garages for tenant use along with washer and dryer hookups. Central heating in all units. The properties combined Cap rate was 5.6% while GRM was 12.57 a. The property is located within close proximity to Downtown Lemon Grove offering residents access to novel shopping, dining, and recreational experiences.

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