San Diego Multifamily Complex Sold by Apartment Realty Group (ARG)

SAN DIEGO - June 19, 2013 - PRLog -- The six (6) unit apartment complex located at 6557 Tait Street San Diego, CA 92111 in the Linda Vista submarket has been sold for $665,000.  The subject property James V. Carter, Senior Managing Partner of Apartment Realty Group (ARG) negotiated the transaction on behalf of the buyer and the seller (both local San Diego private investors).

According to Carter, the listing agent: "We were able to generate multiple offers and close escrow with a local, private investor.  The new owner plans to take advantage of the constantly improving rental market fundamentals and increase rents to market levels while aggressively self-manage the asset to reduce operational costs."

For more information, please contact James V. Carter at (619) 222-9501, JCarter@ARG1031.com

Apartment Realty Group (ARG) is strategically focused on multi-family investments and has a proven track-record of value-added brokerage services. ARG has been able to provide sellers with specialized strategies to maximize property values by creating competition for each marketing assignment as well as providing buyers and 1031 exchange clients with sound investment options which are not generally available in the marketplace. Visit us online at: http://www.apartmentrealtygroup.com/