38 Units in Ramona for $5,950,000

SAN DIEGO - Aug. 24, 2015 - PRLog -- ACI Apartments is pleased to announce the recent sale of a 38 unit complex in the Ramona neighborhood of the City of San Diego. The 36,248 square foot property, located at 1551 Montecito Road, was purchased by Ramona Mountain Valley Apartments LP.

Terry Moore CCIM of ACI represented the Buyer, Ramona Mountain Valley Apartments LP. Buyers plan to further upgrade the property. The Seller was represented by Ray Adams of DTZ Commercial Real Estate.

The property has twenty 2bd/1ba units and eighteen 3bd/2ba units, carports and is a gated complex.

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.