ACI Brokers $5M Sale in San Diego’s National City
- May 30, 2017
By Ariela Moraru
KA Real Estate LLC of Sorrento Valley has purchased The Highland Park Apartments, a 29-unit community in San Diego’s National City neighborhood, for $4.7 million. Apartment Consultants Inc. brokered the sale, with Anton Burman representing the buyer and Dave Savage working on behalf of the seller, Rodney Johnson.
Located at 900 Manchester St., the two-story property features 16 two-bedroom/one-bath and 12 one-bedroom/one-bath units, as well as one studio. Property amenities include an outdoor pool and 32 surface parking spaces. The 22,352-square-foot building was built in 1964 and has undergone renovations.
The asset is surrounded by neighborhood retail and is only a few blocks from Ira Harbison Elementary School and Paradise Valley Hospital, a 301-bed health care facility. The location is also a short drive from interstates 805 and 5 and a 15-minute drive from downtown San Diego.
This is the second transaction that Burman and KA Real Estate LLC have closed and the 25th transaction that Savage has assisted Johnson and his trust with since 1999.
Image courtesy of ACI Apartments