SAN DIEGO, CA - ACI Apartments, Inc, is pleased to announce the recent sale of a 5 unit complex in the San Diego neighborhood of North Park.
The building is situated between the intersections of Ohio Street and Polk Avenue to the north, and Ohio Street and Lincoln Avenue to the south. Located just west of the I-805 freeway, The property has alleyway access for additional parking and is only a few blocks south of a supermarket and it within driving distance of a number of local restaurants, shopping experiences, and recreational spaces.
The property was sold by Holland Clem of for $1,205,000. The seller was represented by Terry Moore CCIM of ACI. The buyers, Kevin Crikelair and Julie Abraham were represented by Chris Siedenburg also from Apartment Consultants, Inc. (ACI).
The property, located in the heart of North Park, consists of two single family homes, three apartments and five garages. Unit mix is one 2bd/1ba SFR, one 1bd/1ba SFR, two 1bd/1ba, and one studio/1ba apartment. Rents are far below market and offer immense upside.
Established in 1982, Apartment Consultants, Inc. (ACI) is a multifamily brokerage firm that specializes in apartment and investment property transactions. We have maintained a solid performance despite changing economic cycles with an average of more than 140 closed escrows per year – that’s more properties than the number two and number three firms combined.
Learn more about ACI at www.aciapartments.com