8 units in North Park Sold for $1,784,000

SAN DIEGO – April 29, 2016 – ACI Apartments is pleased to announce the recent sale of an 8 unit complex in the North Park neighborhood of the City of San Diego. The 6,700 square foot property situated on a 7,000 square foot lot at 4018 Alabama Street was purchased by F & F 4018 Alabama St. Partners LP for $1,784,000.

The San Diego seller, The Lennox and Donna Birckhead Living Trust was represented by Terry Moore CCIM of ACI, as part of a 1031 tax deferred exchange. The above buyer, from San Diego, was also represented by Moore. Moore has done several transactions with this buyer and seller.

The great unit mix property consists of eight 2bd/1ba units and eight open parking spaces. Each unit has a balcony or patio and there is a central courtyard with gated access. Renovations will boost rents greatly.

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