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Sterling Court 4999 Sterling Ct 18 Unit Apartment Building $6,976,000 CAD ($387,556 CAD/Unit) 5.50% Cap Rate San Diego, CA 92105
INVESTMENT HIGHLIGHTS
- Fully turn-key ( 2bed/2baths x10 ) ( 1bedrooms 550 SF X 8 )
- Prime corner lot with no adjoining parcels, maximizing privacy
- Unused Storage spaces on site IDEAL FOR ADU BUILDOUT for your Value Add Component
- Gated community providing a secure and peaceful living environment
- Fully Remodeled, New Systems including main , sub panels, plumbing, dual pane vinyl widows, all electric appliances, quartz countertops, cabinets.
- Opportunity Zone
EXECUTIVE SUMMARY
BridgePoint Realty, Inc. proudly presents: Sterling Terrace, a fully turn-key 18-unit apartment community situated in the heart of San Diego's urbane core ( opportunity zone ) . This asset is securely gated and geographically protected at the end of a long street with mostly single family homes boasting pride of ownership. Also, this central SD location offers its residents affordable and quick access to Downtown and other major employment hubs via arterial freeways 94, 805, 15, interstate 5. - making it an ideal choice for young professionals and small family's alike. There are potentially easy value-add opportunities possible in converting multiple unused spaces / storage units into ADUS for additional income.
PROPERTY HIGHLIGHTS:
****Opportunity Zone******
****ADU conversion potential or ground up development via Complete communities housing solutions.
- Turn Key units , ALL fully gutted and remodeled with modern amenities and tenant friendly fixtures.
- Prime Cul-De-sac / corner lot with no adjoining parcels, maximizing privacy
- Gated community providing a secure and peaceful living environment
- Nestled within the Chollas Creek Community, offering a balance of convenience and tranquility
PROPERTY HIGHLIGHTS:
****Opportunity Zone******
****ADU conversion potential or ground up development via Complete communities housing solutions.
- Turn Key units , ALL fully gutted and remodeled with modern amenities and tenant friendly fixtures.
- Prime Cul-De-sac / corner lot with no adjoining parcels, maximizing privacy
- Gated community providing a secure and peaceful living environment
- Nestled within the Chollas Creek Community, offering a balance of convenience and tranquility
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,976,000 CAD | Apartment Style | Garden |
| Price Per Unit | $387,556 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 5.50% | Building Size | 11,104 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.9 | No. Stories | 2 |
| No. Units | 18 | Year Built/Renovated | 1985/2022 |
| Property Type | Multifamily | Parking Ratio | 1.53/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM 2-5 - OPPERTUNITY ZONE Complete communities Sustainable Development Area Transit priority Area | ||
| Price | $6,976,000 CAD |
| Price Per Unit | $387,556 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.9 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 11,104 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2022 |
| Parking Ratio | 1.53/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM 2-5 - OPPERTUNITY ZONE Complete communities Sustainable Development Area Transit priority Area |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Gated
- Zen Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 550 |
| 2+2 | 10 | - | 710 |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 471-810-11 | Total Assessment | $5,142,971 CAD (2025) |
| Land Assessment | $2,686,627 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,456,344 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
471-810-11
Land Assessment
$2,686,627 CAD (2025)
Improvements Assessment
$2,456,344 CAD (2025)
Total Assessment
$5,142,971 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Sterling Court | 4999 Sterling Ct
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