Just Sold: Duplex in Vista for $410,500

Below is a press release from September 16, 2015:

ACI Apartments is pleased to announce the sale of a duplex in Vista, California on 554-556 Hillside Terrace.

Arby Eivazian of ACI Apartments represented the seller, Esther Daniels. Gregg Steinmetz of Platinum Financial Services represented the buyers, Colin Britles and Rich Melgren. Built in 1945 the duplex consists of (1) 2 bedroom 1 bath unit and (1) 3 bedroom 1 bath unit. The value indicators at time of sale were: 14.25 GRM (Gross rent multiplier), 3,74% Capitalization rate (CAP Rate), and $205.25 price per square foot.

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.