SAN DIEGO, CA - ACI Apartments is pleased to announce the sale 1057-63 Missouri Street, a 8 unit along a quiet residential street located in the San Diego neighborhood of Pacific Beach.
The building is situated near the intersections of Missouri Street and Dawes Street. The property has parking access via an alleyway with entrances along Dawes Street and Cass Street.
The property was sold by the Gruber Family Trust for $2,750,000.
The seller was represented by Terry Taylor of ACI, while the buyer, 1057 Missouri LLC was represented by Lauren Empey of Empey Realty.
This prime location near the ocean along with trendy Pacific Beach makes this a desirable investment. Back alleyway access from Dawes Street provides private access to six off street parking spaces for residents. The location is noteworthy as it is located only four blocks from the Pacific Ocean and 9 blocks from Sail Bay. At time of sale, the property had a Cap Rate of 3.3% and a GRM of 17.51.
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 Taylor can be reached at 619-725-3640 or terrytaylor@aciapartments.com