San Diego Apartment Complex Sold by Apartment Realty Group

Nov. 20, 2012 - PRLog -- The ten (10) unit apartment complex located at 4651 Iowa Street San Diego, CA 92116, in the Normal Heights sub-market of San Diego has been sold for $935,000. The subject property, built in 1926 is located on a 6,251sf lot consisting of two (8) 1 bedroom/1 bathroom units, two (2) studio units.

Apartment Realty Group's marketing efforts sourced multiple offers and ultimately closed escrow with an 'all-cash' offer from a 1031 exchange buyer located through ARG's vast internal brokerage network. This was an excellent opportunity for the buyer to acquire a turn-key centrally located asset in one of San Diego's strongest rental markets, boasting strong in-place rental income and a history of stable tenancy and management operations.

James V. Carter, Senior Managing Partner of Apartment Realty Group (ARG) negotiated the transaction on behalf both the buyer and the seller.

For more information, please contact James V. Carter at (619) 222-9501, JCarter@ARG1031.com

Apartment Realty Group (ARG) is strategically focused on multi-family investments and has a proven track-record of value-added brokerage services. ARG has been able to provide sellers with specialized strategies to maximize property values by creating competition for each marketing assignment as well as providing buyers and 1031 exchange clients with sound investment options which are not generally available in the marketplace. Visit us online at: http://www.apartmentrealtygroup.com/