SAN DIEGO, CA - ACI Apartments is pleased to announce the sale of The Highland Park Apartments, a 29-unit multifamily apartment complex located in the San Diego neighborhood of National City. The property sold for $4,675,000.
The building is situated just a short distance from the intersections of East Plaza Blvd and Manchester Street. The property is within close proximity of area shoping and food, and is only a few blocks from Ira Harbison Elementary School. The location is also a short drive from the I-805, the I-5, and Downtown San Diego.
The property was purchased by KA Real Estate LLC of Sorrento Valley with acquisition and asset management provided by Eugene Marini.
The buyer was represented by Anton Burman of Apartment Consultants Inc. (ACI). This is the second transaction that KA Real Estate LLC has closed with Mr. Burman. The seller, Rodney A Johnson of Mission Hills was represented by Dave Savage also of ACI. This is the 25th transaction that Dave Savage has assisted Mr. Johnson and his trust in completing since 1999.
The property is highly desirable in design and consists of 16 two bedroom and one bath, 12 one bedroom and one bath, and one studio units. The property is two stories and consists of wood frame buildings. The secured access interior courtyard is landscaped with a pool. The property also comes with 32 surface parking spaces.
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, contact us at 619-725-3624 or via email at gregorypeer@aciapartments.com