6.69% Market Cap | 8 Units | Many Upgrades
8 Unit Apartment Building | $2,400,000 ($300,000/Unit) | 6.69% Cap Rate | San Diego, CA 92115
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,400,000
- Property Type
-
Multifamily
- Square Feet
- 4,622 SF
Listing Contacts
Brian Duarte
Verified Profile
- Property Info
Property Overview
CLEAN and turn-key (inside and out) investment opportunity offered within 2 miles of NCAA Division 1 San Diego State University and less than half a mile from the
College Area Business District. The subject property consists of Six (6) One-Bed One Bath Units and Two (2) Two-Bed One Bath Units. Two of the 8 units are brand new
and recently received their certificate of occupancy (2022). Tenants enjoy privacy, brand new in-unit amenities, and proximity to diverse retail options with a highly
desirable walkscore of 90. Tenants also have direct access to the Colina Del Sol Park which includes the Colina Park Municipal Golf Course.
College Area Business District. The subject property consists of Six (6) One-Bed One Bath Units and Two (2) Two-Bed One Bath Units. Two of the 8 units are brand new
and recently received their certificate of occupancy (2022). Tenants enjoy privacy, brand new in-unit amenities, and proximity to diverse retail options with a highly
desirable walkscore of 90. Tenants also have direct access to the Colina Del Sol Park which includes the Colina Park Municipal Golf Course.
Property Details
- Class
- C
- Year Built/Renovated
- 1950/2022
- Stories
- 2
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 8
Highlights
- Fully rehabbed front Building(6 Units). Newly Built in 2022 back building 2 units. 5 of 8 units are month to month. Rental upside.
- All new desert scape landscaping and artificial grass was designed to keep water bill low for owner.
- All new interiors including: flooring, bathrooms, cabinets, appliances, heaters, roof, counters, paint and water heaters.
- Extensively renovated in 2022, units feature quartz countertops, stainless steel appliances, vinyl plank flooring, and dual pane windows.
- Investor has the opportunity to acquire a turnkey asset that will continue to benefit from appreciation and rent growth
- A meticulously renovated asset with remaining rental upside in one of San Diego's fast growing markets
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].