Just Sold: 9 units in San Diego for $1,300,000

Below is a press release from July 16, 2014:

SAN DIEGO – ACI Apartments is pleased to announce the recent sale of a 9-unit complex in San Diego.  The 6,052 square foot property, located at 3837 39th Street, was purchased by Charles and Jennifer Will for $1,300,000.

Terry Moore CCIM of ACI represented The Michael Chasin and Stacey Coleman Family Trust as part of their 1031 exchange. This is the seventh transaction that Moore has done with Chasin/Coleman. The Buyers were represented by Mark Stuart of Berkshire Hathaway.

The classic Huffman property consists of six 1bd/1ba and three 2bd/1ba units with some garages and is located west of Hwy 15.

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.