6 Units in Linda Vista Sold for $800,000

SAN DIEGO - Sept. 16, 2015 - PRLog -- ACI Apartments is pleased to announce the recent sale of a 6 unit apartment complex in Linda Vista. The 3,812 square foot property, located at 6557 Tait St, was purchased by Purdy Equity, LLC for $800,000.

The seller, ISSB Investments LLC was represented by Curt Allen of ACI Apartments, Inc., and the buyer Purdy Equity, LLC was represented by John Purdy of Vertical Real Estate. Escrow was handled by Jennifer Lund of Broadway Escrow. Ryan Lipsey of Title365 handled the title insurance.

This investment property is located just northeast of University of San Diego. Built in 1962, this building consists of 2, 2 bedroom, 1 bath units with an average rent of $1070 and 4, 1 bedroom 1 bath units with an average rent of $905. With exceptional canyon views, this property shows great upside potential in rents and property value.

The seller of this property will be cashing out.

ACI is the most successful income property brokerage firm in the county. Since 1982, they have specialized in apartment and investment property transactions, and maintained a solid performance despite changing economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County income property escrows than any other firm in the county – that’s more properties than the number two and number three firms combined.