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Raintree Terrace 307 Sycamore Rd 18 Unit Apartment Building $13,134,074 CAD ($729,671 CAD/Unit) 5.03% Cap Rate San Ysidro, CA 92173
Investment Highlights
- Spacious three- and four-bedroom layouts ranging from ±1,680 to ±1,745 SF
- Exempt from AB 1482 rent control and San Diego TPO through 2031
- Direct-entry, two-car garages included with every unit
- Condo-mapped ownership structure provides investors with enhanced future exit flexibility
- Quartz countertops, stainless steel appliances, and contemporary interiors
Executive Summary
The Bove Investment Team is pleased to present Raintree Terrace, a rare opportunity to acquire a newer construction located at 307 Sycamore Road in San Ysidro, California. Built in 2016, the property consists exclusively of spacious three- and four-bedroom floor plans averaging approximately 1,700 square feet, a highly differentiated product type within the South Bay rental market. The project offers an attractive combination of modern construction, strong in-place cash flow, operational simplicity, and significant rental upside through continued market growth and strategic management. Additionally, the property is exempt from California AB 1482 rent control and the City of San Diego Tenant Protection Ordinance (TPO) through 2031 under the first 15 years of new construction exemption, providing investors enhanced operational flexibility and long-term revenue growth potential.
Positioned on approximately 0.98 acres, Raintree Terrace features a gated residential environment with direct-entry two-car garages, private balconies, full-size washers and dryers, quartz countertops, stainless steel appliances, central air conditioning, and open-concept layouts designed to appeal to family-oriented renters seeking the functionality of a home with the convenience of professionally managed rental housing. The asset benefits from strong regional connectivity with immediate access to Interstate 5, Interstate 805, SR-905, the San Ysidro Port of Entry, and major employment corridors throughout South San Diego County.
Positioned on approximately 0.98 acres, Raintree Terrace features a gated residential environment with direct-entry two-car garages, private balconies, full-size washers and dryers, quartz countertops, stainless steel appliances, central air conditioning, and open-concept layouts designed to appeal to family-oriented renters seeking the functionality of a home with the convenience of professionally managed rental housing. The asset benefits from strong regional connectivity with immediate access to Interstate 5, Interstate 805, SR-905, the San Ysidro Port of Entry, and major employment corridors throughout South San Diego County.
Property Facts
| Price | $13,134,074 CAD | Apartment Style | Townhome |
| Price Per Unit | $729,671 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.98 AC |
| Cap Rate | 5.03% | Building Size | 31,020 SF |
| Gross Rent Multiplier | 13.11 | No. Stories | 3 |
| No. Units | 18 | Year Built | 2016 |
| Property Type | Multifamily | Parking Ratio | 0.58/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-1-1 | ||
| Price | $13,134,074 CAD |
| Price Per Unit | $729,671 CAD |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Gross Rent Multiplier | 13.11 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 31,020 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | RM-1-1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Kitchen
- Stainless Steel Appliances
- Walk-In Closets
- Carpet
- Patio
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Picnic Area
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 6 | - | 1,680 |
| 4+3 | 12 | - | 1,745 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 666-150-08 | Improvements Assessment | $5,950,189 CAD |
| Land Assessment | $429,798 CAD | Total Assessment | $6,379,988 CAD |
Property Taxes
Parcel Number
666-150-08
Land Assessment
$429,798 CAD
Improvements Assessment
$5,950,189 CAD
Total Assessment
$6,379,988 CAD
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Raintree Terrace | 307 Sycamore Rd
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