8 Units in San Diego Sold for $1,211,100

Below is a press release from March 25, 2015:

SAN DIEGO – ACI Apartments is pleased to announce the recent sale of an 8 unit complex in the City of San Diego, north of El Cajon Blvd. The 5,684 square foot property, located at 4455-4461 52nd Street, was purchased by Immobilier Fund IV LLC for $1,211,100.

Terry Moore CCIM of ACI represented Evans Family Living Trust, which was an estate represented by William J. Maxam, trust attorney. This transaction is the fourth that William J. Maxam has done with Terry Moore. The buyer was represented by Cristina Munteanu of PacBLU.

The property has four 1bd/1ba units and four 2bd/1ba units and is located convenient to Fairmount Ave, I-8, I-15 and I-805.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have specialized in apartment and investment property transactions, and 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.