SAN DIEGO, CA - ACI Apartments, Inc, is pleased to announce the sale of a 7 unit apartment complex located in the heart of City Heights, a neighborhood of San Diego at 3825 47th Street.
The building is located just north of the 47th Street and Wightman Street intersection. The property also has a real alleyway for additional parking that can be accessed from University Ave to the north and Wightman Street to the south. The only a short distance from the City Heights Retail Village and revitalization area, giving residents access to a number of local restaurants, shopping experiences, and recreational spaces. City Heights Weingart Library and the City Center are all only a few blocks from the property.
The property was sold by Neel Pujara of Carlsbad, CA of for $1,215,000.
The seller was represented by Anton Bruman of ACI. The buyers, Algert James H Living Trust 01-05-06 and Vanessa Algert of Coronado, CA was represented by Mr. Burman also and used the proceeds from the sale of a one bedroom condo into this 7 unit subject property via a 1031 Tax Deferred Exchange.
This sale signifies the fourth transaction Mr. Pujara has coordinated with Mr. Burman within the past two years. It also represents the fourth transaction the Algert James H Living Trust 01-05-06 has coordinated with Mr. Burman or ACI within the past two years as well.
This property offers two garages and 8 off-street parking spaces. This property is gated and includes balconies in specific units.
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, Anton Burman can be reached at 619-725-3676 or via email at apartmentanton@gmail.com