Sold: 1 Retail Space with 3 Units in Chula Vista for $550,000

Below is a press release from February 11, 2015:

CHULA VISTA – ACI Apartments is pleased to announce the recent sale of 1 Retail Space and 3 apartments in Chula Vista, CA. The 2,100 square foot property, located at 462 3rd Ave, Chula Vista, CA 91910, was purchased by Laura Padilla for $550,000.

The seller, Incepcion Mia, LLC, was represented by Terry Taylor of ACI Apartments, and the buyer was also represented by Terry Taylor of ACI Apartments. The Buyer paid all cash for the deal. Escrow was handled by Teresa McElaney of Chicago Title Company. Dennis Alviso of Chicago Title Company handled Title.

The property consisted of 1 Retail space and 3 apartments in the rear of the property built in 1957. Two of the units were rehabbed by the buyer during escrow. This is an excellent location in the heart of the downtown district of Chula Vista.

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.