SAN DIEGO, CA - ACI Apartments is pleased to announce the sale of 6531-6561 Kelly Street, a 12-unit multifamily property located in the San Diego neighborhood of Linda Vista.
The building is situated along Kelly Street only a short distance from the Kelly Street and Tait Street intersections. The property is also connected to an unnamed back alleyway along which is off street parking spaces.
The property was sold by Norman Langley for $2,350,000.
The seller was represented by Terry Moore CCIM of ACI as part of a 1031 tax deferred exchange. The buyer, 6531 Kelly LLC was represented by Bill Bordeaux of The Certified Group.
The property built in approximately 1945 consists of eight 2bd/1ba units, four 3bd/1ba units and 24 parking spaces. Zoning may allow for up to 30 units. Rents are far below market rates. The property is convenient to schools, shopping and freeways. USD is just ½ a mile away.
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 619-889-1031 or via email at tmoore1031@gmail.com