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$218K/Unit - Prime Golden Hill 2944-2954 F St 24 Unit Apartment Building $7,294,980 CAD ($303,958 CAD/Unit) 5.23% Cap Rate San Diego, CA 92102
Investment Highlights
- Prime Central San Diego Location – Golden Hill
- Functional Floor Plans
- Granite Countertops, Stainless Kitchen Appliance Package
- Extremely Well-Maintained Asset
- 25 Onsite Parking Spaces, Onsite Laundry
- Convenient Access to Balboa Park and Nearby Neighborhoods Including Downtown, North Park and South Park
Executive Summary
24-unit apartment community located in the highly desirable Golden Hill neighborhood of San Diego. Built in 1982, the unit mix consists of twenty-four (24) studio units with functional floor plans along with an onsite laundry room and ample onsite parking (25 surface spaces). Tenants enjoy the walkability of Golden Hill with easy access to local services, shopping and community parks.
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 most dynamic and up-and-coming markets. The property benefits from its central location and proximity to Balboa Park, Downtown San Diego and nearby by neighborhoods of South Park and North Park.
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 most dynamic and up-and-coming markets. The property benefits from its central location and proximity to Balboa Park, Downtown San Diego and nearby by neighborhoods of South Park and North Park.
Property Facts
| Price | $7,294,980 CAD | Building Class | C |
| Price Per Unit | $303,958 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 7,552 SF |
| Cap Rate | 5.23% | Average Occupancy | 92% |
| Gross Rent Multiplier | 11.47 | No. Stories | 2 |
| No. Units | 24 | Year Built | 1982 |
| Property Type | Multifamily | Parking Ratio | 3.31/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM-2-5 | ||
| Price | $7,294,980 CAD |
| Price Per Unit | $303,958 CAD |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| Gross Rent Multiplier | 11.47 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 7,552 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 3.31/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-2-5 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | $2,205 CAD | 325 - 400 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 539-592-20 | Improvements Assessment | $473,059 CAD |
| Land Assessment | $564,310 CAD | Total Assessment | $1,037,370 CAD |
Property Taxes
Parcel Number
539-592-20
Land Assessment
$564,310 CAD
Improvements Assessment
$473,059 CAD
Total Assessment
$1,037,370 CAD
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$218K/Unit - Prime Golden Hill | 2944-2954 F St
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