SAN DIEGO – March 22, 2016 – ACI Apartments is pleased to announce the recent sale of a 9 unit complex in University Heights. The 6,814 square foot property, located at 4578-4586 Illinois Street, was purchased by a private pension plan for $1,980,000.
Terry Moore CCIM of ACI represented the Tierrasanta seller, The Chasin Coleman Family Trust, as part of a 1031 tax deferred exchange. Moore has done multiple transactions with the seller.
The superior unit mix property consists of five 2bd/2ba and four 1bd/1ba units. There are five garages. All upper units have skylights. Sellers have done more than $50,000 in upgrades, there is obvious rental upside. More information on the property can be found at www.vimeo.com/pacificvideopro/4578illinoisb.
About ACI Apartments INC.
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. Please visit us online at www.aciapartments.com
San Diego, CA 92122
Phone (619) 299-3000
CalBRE# 01141809
ACI is compliant with the standards set by the National Assocation of Realtors