Just Sold – 6 Units in Sherman Heights Sold for $1,769,000

  • Multifamily property in San Diego
  • Multifamily property in San Diego
  • Multifamily property in San Diego
  • Multifamily property in San Diego

SAN DIEGO, May 26, 2016 – ACI Apartments is pleased to announce the recent sale of a 6 unit complex in Sherman Heights, CA. The 5,000 square foot property situated on a 7,500 square foot lot at 663-69.5 21st Street and 2121 G Street, was purchased by Laura Padilla of El Cajon, CA for $1,769,000.

The Buyer was represented by Terry Taylor of ACI, and the Seller, Edward Poss, III, from San Diego, CA was represented by Travis Owens from Apartment Brokers Network.

This was a very unique property with a 4 Bedroom/1.5 Bath Single Family Home, a 2 Bedroom/1.5 Bath Single Family Home and a 4 plex consisting of all large 1 Bedroom/1 Bath Units. The property had a Historical Designation. It also had 2 garages. The GRM was 14.84 and the Cap Rate was 4.84%.

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