SAN DIEGO, CA - ACI Apartments is pleased to announce the recent sale of a 7-unit complex selling for a record price of $200,000 per unit. This record accounts for all non-remodeled properties in the San Diego neighborhood of City Heights, east of the 15 freeway. The approximately 4440 square foot property situated on a 5175 square foot lot is located at 3684 42nd Street.
Built in 1989, the property is located just south of the intersection of 42nd Street and Landis Street. The property is centrally located near many City Heights hubs for transportation, shopping, and schools. The strategic location is only a few blocks from area shopping and recreation, including the Highland and Landis Park, the Weingart Library, and the City Heights Retail Village. The property was sold by Mohammad Emami of San Diego for $1,400,000.
The sellers were represented by Arby Eivazian of Apartment Consultants, Inc. (ACI), while the buyers, Hong Bin Sun and Chang Gang Zhang, also from San Diego, were represented by Linjun Li of Bayview Realty, Inc.
All units in the property consisted of 2 Bedroom and 1 bathroom units. Covered and uncovered parking spaces are available on site along with a laundry facility.
Established in 1982, Apartment Consultants, Inc. (ACI) is a multifamily brokerage firm that specializes in apartment and investment property transactions. We have maintained a solid performance despite changing economic cycles with an average of more than 140 closed escrows per year, that’s more properties than the number two and number three firms combined. Learn more about ACI at www.aciapartments.com
For more information about this transaction, Arby Eivazian can be reached at 619-725-3680 or via email at arbyACI@gmail.com