Sold: 12-Unit Complex on 54th Street in San Diego

Below is a press release from May 19, 2014:

12 Units Sold for $2,075,000

SAN DIEGO – May 19, 2014 – ACI Apartments is pleased to announce the recent sale of a 12-unit complex in San Diego. The 11,170 square foot property, located at 3061-3069 54th Street, was purchased by Kevin T. Quinn for $2,075,000.

Terry Moore CCIM of ACI represented Bella Terrace Apartment Community LLC. The Buyers were represented by David Cameron of South Coast Commercial.

The property consists of two and three bedroom units with garages and was named Community of the Year (for under 50 units) in 2012 by the San Diego County Apartment Association.

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.