SAN DIEGO, CA - ACI Apartments is pleased to announce the sale of 4161-67 Iowa Street, a 20 unit multifamily property across two parcels located in North Park, a neighborhood in San Diego.
The building is situated just south of the cross-streets of Iowa Street and Howard Avenue, west of the I-805 freeway. The property also has alleyway access to the back side of the property via entrances at Howard Ave and Polk Ave which provides additional parking spaces. The property is located only a few blocks from a supermarket and it within driving distance of a number of local restaurants, shopping experiences, and recreational spaces.
The property was sold by Groebli Family Trust of La Jolla for $4,500,000.
The seller was represented by Norm Root of ACI, while the buyer, WSC Investment Partners, LLC from San Diego was represented by Robert Vallera of Voit Real Estate Services.
The property consists of two 10 unit apartment buildings built in 1958/1961. The unit mix includes one 2br/2ba, five 2br/1ba, and twelve 1br/1ba units along with two studios. This property has never before been on the market. It has been owned by the owner/builder since construction.
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, Norm Root can be reached at 619-725-3662 or via email at normroot@aciapartments.com