SAN DIEGO, CA - ACI Apartments is pleased to announce the sale of 5015 Comanche Drive, 12 units spread out over a 41,818 square foot lot, located in the San Diego adjacent city of La Mesa.
The building is situated on a private driveway that connects with Comanche Drive, only a few blocks north of El Cajon Blvd. The units are conveniently located near many area restaurants and local gathering places, as well as easy access to the I-8 freeway.
The property was purchased by M. Gorla for $3,220,000.
The buyer was represented by Terry Moore CCIM of ACI, while the seller, Attisha Enterprises was represented by Arby Eivazian, also of ACI.
The property consists of all 3 bedroom and 1 bath units and has recently received over $100,000 in improvements. In addition to a newly resurfaced driveway, many of the units have received refurbished interiors and resurfaced front porches. The property provides ample parking for residents with 26 surface spaces available.
The property is located along a private driveway that connects each of the units within a shared lot. Each unit has a private, fenced yard. At the time of sale, the property had a cap rate of 5.45% and a GRM of 13.15. With close proximity to El Cajon Blvd, residents have easy access to the I-8 freeway and are only a short drive away from the Green and Orange lines of the San Diego Trolley.
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, contact us at 619-299-3000 or by email at contact@aciapartments.com