SAN DIEGO -
March 25, 2015 -
PRLog -- ACI Apartments is pleased to announce the recent sale of a 9 unit complex in the neighborhood of El Cajon, City of San Diego. The 5,964 square foot property, located at 621-637 Grape Street, was purchased by Horizon Capital Management, LP for $1,059,000.
Terry Moore CCIM of ACI represented the Seller, The Stanley and Ankica Toncich Family Trust. Moore represented the Toncich Trust when they bought the asset for $760,000 in 2012. Seller did almost $100,000 of upgrades during their ownership. Curt Allen also of ACI represented the Buyer.
The property has four 1bd/1ba units, three 2bd/1ba units and two 2bd/2ba units and is located on a cul-de-sac with abundant parking.
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.
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