San Diego, CA: North Park Apartment Complex Sold by Apartment Realty Group (ARG)

San Diego, CA (I-Newswire) February 1, 2012 - SAN DIEGO, CALIFORNIA – The 3,373sf apartment complex located at 4342 Iowa Street San Diego, CA 92104 has been sold for $575,000. The subject property is located on a 6,996 sf lot consisting of three (3) single-level detached units and two (2) units located in the rear building above the four (4) garages. The unit mix consists of one (1) 2 bedroom/1 bathroom unit and four (4) 1 bedroom/1 bathroom units, all with hardwood floors. James V. Carter, Senior Managing Director of Apartment Realty Group (ARG) negotiated the transaction.

According to James V. Carter: “We were able to secure multiple offers and close escrow with a local San Diego apartment investor who currently owns apartment assets in the neighborhood. There will be substantial upside in rental income for the new buyer by increasing the rents along with making minor upgrades to the property. The buyer was able to immediately get over 100 bps of positive leverage by securing an extremely competitive 10-year fixed loan by a local San Diego Credit Union.”

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 and/or http://www.ARGSanDiego.com

Keywords: Commercial Real Estate San Diego, Multifamily Properties, Income Properties San Diego, Apartment Listings for Sale, Investment Real Estate, 1031 Exchange, Property Listings, Commercial Real Estate San Diego Apartment Brokers, San Diego Multifamily Apartment Brokers Property Listings, San Diego Commercial Properties Apartment Listings, Commercial Property Consultants, Commercial Real Estate For Sale, Investment Properties

About Apartment Realty Group (ARG):
APARTMENT REALTY GROUP (ARG) is a leading multi-family property investment sales team in SAN DIEGO COUNTY and the SOUTHERN CALIFORNIA Region. We offer a unique blend of teamwork, experience and an innovative marketing platform allowing us to deliver customized investment real estate solutions.

Because we are 100% focused on multi-family investments all of our efforts and resources are spent brokering, underwriting, researching and maintaining the most effective database of multi-family property owners, operators, managers, brokers and capital sources in the industry. Because of our specialization we understand the market and are more responsive to market trends in order to meet the needs of investors.

ARG is built on a strong foundation of integrity and dedication which allows us to maximize value through high-level transactional execution. We are a privately-held boutique multi-family investment sales and real estate advisory firm with a track record of providing value-added brokerage services to the multi-family investment market. We provide investors with real-time market information and unique access to more investors and the industry's most competitive capital solutions in the market. Our experience allows us to provide solid advice, allowing our clients to make sound investment decisions through any market cycle.

Company Contact Information
Apartment Realty Group (ARG)
James V, Carter
2251 San Diego Avenue South Suite 157
San Diego, CA
92110
Phone : 619-222-9501