ACI Apartments Brokers the Sale of 8-unit Apartment Property in The San Diego neighborhood of Pacific Beach

14 May 2018

SAN DIEGO, CA - ACI Apartments is pleased to announce the sale 1057-63 Missouri Street, an 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.