North County San Diego Apartment Building Sold

SAN DIEGO - June 25, 2013 - PRLog -- The eight (8) unit apartment building located at 1019-1033 Chestnut Street Escondido, CA 92025 has been sold for $1,150,000. The subject property consists of two (2) four (4) unit buildings and a total of (3) parcels. The property had a master lease in place with Mental Health Systems and contained (4) 2bdr/1bth units and (4) 1bdr/1bth units. Anthony J. Mendes, Senior Director of Apartment Realty Group (ARG) negotiated the transaction on behalf of the seller. The transaction was purchased by group who self-directed their IRA’s and used a non-recourse loan to finance the property.

For more information, please contact Anthony J. Mendes at (619) 222-9502, AMendes@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/