Just Sold – 9 Units in North Park for $1,875,000

SAN DIEGO, Feb 23, 2016 – ACI Apartments is pleased to announce the recent sale of a 9 unit complex located in a prime North Park neighborhood. The 6,100 square foot property, located at 4185 Texas Street, was purchased by Chen Feig, LLC from Encinitas, California for $1,875,000.

The seller, The Laura Padilla Trust of El Cajon, CA, was represented by Terry Taylor of ACI Apartments. The loan amount was $937,000 by Andrew Gilligan of Chase Bank. Escrow was handled by Robert Shaw of Chicago Title Company. Tom Votel of Chicago Title handled the title insurance.

This investment property is located in the heart of North Park on Texas Street just south of El Cajon Blvd. Built in 1968, this solid Huffman designed complex consists of three 2-bedroom 1-bath, and six 1-bedroom 1-bath units, and a common laundry room.

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