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Chamoune Apartments 3845-3855 Chamoune Ave 22 Unit Apartment Building $8,283,105 CAD ($376,505 CAD/Unit) 5.26% Cap Rate San Diego, CA 92105
Investment Highlights
- Highest Year 1 Yielding Deal in All of San Diego County ~ 7.8% Year 1!
- All Units Have Been Upgraded/Modernized
- Dynamic Unit Mix of 1, 2 and 3 Bedroom Units
- Highly Attractive Freddie Mac Assumable Debt - 3.03% Interest Only Thru March 2029
- Newer Roof, Windows, Exterior Paint, Security Systems, Fencing, Etc.
- Laundry Facilities and Ample Off Street Parking
Property Facts
| Price | $8,283,105 CAD | Building Class | C |
| Price Per Unit | $376,505 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 9,350 SF |
| Cap Rate | 5.26% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.4 | No. Stories | 2 |
| No. Units | 22 | Year Built/Renovated | 1971/2022 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MR15B | ||
| Price | $8,283,105 CAD |
| Price Per Unit | $376,505 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 12.4 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 9,350 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2022 |
| Parking Ratio | 0.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MR15B |
Amenities
Unit Amenities
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $2,242 CAD | 450 |
| 2+2 | 1 | $2,956 CAD | 650 |
| 3+1 | 1 | $3,397 CAD | 775 |
1 1
Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 471-581-35 | Improvements Assessment | $2,984,532 CAD |
| Land Assessment | $4,497,837 CAD | Total Assessment | $7,482,369 CAD |
Property Taxes
Parcel Number
471-581-35
Land Assessment
$4,497,837 CAD
Improvements Assessment
$2,984,532 CAD
Total Assessment
$7,482,369 CAD
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Chamoune Apartments | 3845-3855 Chamoune Ave
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