Sold: 11-unit complex in Normal Heights, San Diego for $1,855,000

Below is a press release from May 17. 2014:

SAN DIEGO – May 17, 2014 – ACI Apartments is pleased to announce the recent sale of an 11-unit complex in the Normal Heights neighborhood of San Diego. The 7,000 square foot property, located at 3621 Adams Avenue, was purchased by 3621 Adams Ave LLC for $1,855,000.

Brian Raynoha of ACI represented the buyer. The seller, A & S Adams Ave, LLC was represented by Mike Rauber of Remax Hometown Realtors.

This complex is comprised of ten one-bedroom/one bath units and one- two bedroom/one bath units. Property highlights include completely renovated units featuring granite counters, wood floors, and crown moldings.

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.