ACI Apartments is pleased to announce the recent sale of a development opportunity in the University Heights area of San Diego. The property is situated on a 6,971 square foot lot located at 4558-4564 30th Street was purchased by BC Thirty Two LLC, of San Diego for $1,625,000.
Both the buyer and seller were represented by Terry Moore CCIM of ACI. The seller, Eliss Baker and the Baker Trust, of Oregon sold the property as part of a 1031 tax deferred exchange.
The property consists of a main structure house that was used as an insurance agents office for forty plus years, along with a cottage in the rear.
The property is zoned for multi-family and has the potential to build up to 51 units with no height limits.
Since 1982, ACI Apartments has been a leader in San Diego apartment investment. With over 148 years of combined leadership experience between its senior staff, ACI has helped countless clients reach their investing goals through billions in transaction revenue. Please visit us online for more information at www.aciapartments.com