SAN DIEGO, CA - ACI Apartments is pleased to announce the sale of 4255 Winona Ave, a 7 unit apartment property located in the San Diego neighborhood of City Heights.
The building is situated along Winona Avenue, between the street’s interesections with Trojan Avenue to the north and Orange Avenue to the south, consists of a 5,022 square foot property on a 6,460 square foot lot.
The property was purchased by The Marc and Amelia Ausman Trust and WINCTC LLC for $1,645,000.
The buyers were represented by Terry Moore CCIM of ACI as part of a 1031 tax deferred exchange. The seller, The Jack and Celia Barouh Trust was represented by Ben Vogelsang of South Coast Commercial.
The 1990 property consists of one 3bd/2ba, one 2bd/2ba, two 2bd/1ba and three 1bd/1ba units. There are five single car garages and additional off-street parking. Five of the units have been remodeled including new kitchen cabinets, bathroom vanities and more.
At the time of sale, the property had a GRM of 13.34 and a Cap Rate of 4.9%.
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, Terry Moore can be reached at (619) 899-1031