49th Street Villas

//49th Street Villas

49th Street Villas

Address:
4334 49th Street
San Diego, CA 92115
Property Type:
Purchase Price:
Total Units:
Price Per Unit:
Rentable SF:
Price Per SF:
Market Cap Rate:
Market GRM:
Apartments
$2,330,000
9
$258,889
7,102
$328.08
5.20%
13.00

Property Description

ACRE Investment Real Estate Services is pleased to present the 49th Street Villas (the “Property”), a turn-key rental community in City Heights, California. The property is being offered free and clear of debt encumbrances. The Property consists of a garden style setting spread out on a lot totaling 7,256 square feet. Originally constructed in 1975, the property has undergone a complete interior and exterior renovation in 2017. The 49th Street Villas consist of 9-units with a total of 7,102 rentable square feet in one, two-story building. The Property’s well-designed floor plans include eight (8) spacious two-bedroom/one-bath units ranging in size from 770 – 852 rentable aq ft and one (1) one-bedroom, one-bath unit of 560 rentable sq ft. The Property offers such amenities as gated front and back entry, modern laundry facilities, open common areas and nine (9) off-street parking spots. This Offering provides an opportunity to acquire an absolute pristine multi-family asset in one of the highest demand rental submarkets in San Diego County. The new owner will enjoy the security of having the property situated near comparable apartment communities, local shopping, restaurants, as well as having easy access to multiple interstates. With a completely brand new property, an astute investor will capitalize on the strong current and future cash flow.

Listed Properties

 

Contact Information
William R. Anderson, MBA
Senior Vice President, Principal
Direct: 760.230.8015
Fax: 760.944.9119

 

2018-11-03T00:10:04+00:00