Duplex in Escondido Sold for $620,000

SAN DIEGO – November 3, 2021

ACI Apartments is pleased to announce the recent sale of a duplex in the Escondido neighborhood of San Diego. The 1,421 square foot property situated on a 7,571 square foot lot located at 1533-1535 Orange Place was purchased by Alireza Mehrzad, of San Diego for $620,000.

The San Diego seller, William and Stacey Cole were represented by Terry Moore CCIM of ACI as part of a 1031 exchange. Moore has represented these clients on other transactions. The buyer was represented by Peggy and Farid Khayamian of Bluxen Inc.

The 1945 property consists of two 2bd/1ba units with a large fenced in backyard area and two storage sheds. There is rent upside potential by making additional upgrades to the property.

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