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2Bdrm Units 202-208 Willie James Jones Ave 41 Unit Apartment Building $16,967,843 CAD ($413,850 CAD/Unit) 5.24% Cap Rate San Diego, CA 92102
Investment Highlights
- Fantastic Unit Mix, (40) 2Bdrm/1Bath Units, (1) 1Bdrm/1Bath Unit
- Extremely Well-Maintained Asset - Granite Countertops, Stainless Kitchen Appliance Package w/ Microwave
- Strong Central San Diego Location Near Lincoln High School
- Onsite Leasing Office, Onsite Laundry Facility
- Large Lot (1.14 Acres) with Approximately 50 Onsite Parking Spaces (Blend of Garage andSurface)
- Easy Access to I-805 Highway, Approximately 5-Miles to Downtown San Diego and 7-Miles to Mission Valley
Executive Summary
41-unit apartment community located in Central San Diego. Built in 1987, the unit mix consists of forty (40) 2Bdrm/1Bath units and (1) 1Bdrm/1Bath units with spacious floor plans along with an onsite leasing office and laundry facility. Situated on a Large Lot (1.14 Acres) there is ample parking with approximately 50 Onsite Parking Spaces (Blend of Garage and Surface).
This represents an opportunity to acquire an extremely well-maintained asset with strong in-place rents and additional upside in one of San Diego’s best rental markets. The property benefits from its central location and proximity to major shopping and business hubs situated only a few miles from both Mission Valley and Downtown San Diego.
This represents an opportunity to acquire an extremely well-maintained asset with strong in-place rents and additional upside in one of San Diego’s best rental markets. The property benefits from its central location and proximity to major shopping and business hubs situated only a few miles from both Mission Valley and Downtown San Diego.
Property Facts
| Price | $16,967,843 CAD | Building Class | C |
| Price Per Unit | $413,850 CAD | Lot Size | 1.14 AC |
| Sale Type | Investment | Building Size | 31,857 SF |
| Cap Rate | 5.24% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.39 | No. Stories | 2 |
| No. Units | 41 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 1.98/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM-2-5 | ||
| Price | $16,967,843 CAD |
| Price Per Unit | $413,850 CAD |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 11.39 |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 31,857 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.98/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-2-5 |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,348 CAD | 600 |
| 2+1 | 40 | $2,957 CAD | 800 - 875 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 548-141-17 | Improvements Assessment | $1,107,027 CAD |
| Land Assessment | $874,717 CAD | Total Assessment | $1,981,744 CAD |
Property Taxes
Parcel Number
548-141-17
Land Assessment
$874,717 CAD
Improvements Assessment
$1,107,027 CAD
Total Assessment
$1,981,744 CAD
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2Bdrm Units | 202-208 Willie James Jones Ave
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