8 units in El Cajon Sold for $1,750,000

SAN DIEGO – May 9, 2016 – ACI Apartments is pleased to announce the recent sale of an 8 unit complex in the El Cajon neighborhood of the City of San Diego. The 9,904 square foot property situated on a 17,424 square foot lot at 1851 Pepper Valley Lane was purchased by the Stone Property LLC for $1,750,000.

The Salinas, California seller, The Ivan E. Hinkle Sr. Family Limited Partnership was represented by Terry Moore CCIM of ACI. The buyer, Stone Property LLC, from San Diego, was represented by Allen Chitayat of Berkadia Real Estate Advisors.

Located on a quiet cul-de-sac, the property consists of all 3bd/2ba units, carports and open parking spaces. Some units have either a private balcony or a fenced patio. The units also have washer/dryer hookup, central heat and air and dishwashers. A sloped roof and guttering reduce maintenance costs. More information on the property can be found at www.vimeo.com/pacificvideopro/PepperValley.

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