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Follow on Google News | 4 Units in the College Area Sold for $654,000By: ACI Apartments This complex built circa 1946 is comprised of one structure totaling 2,040 rentable sqft on a 3,498 sqft lot. The unit mix consisted of four one bedroom one bath units. The Cap rate was 3.95 with the GRM at 16.2. The property is within walking distance to Petco Park and the new 196.7 Million dollar San Diego Central Library. 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. End
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