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5280 Manhasset Dr 3 Unit Apartment Building Offered at $3,670,886 CAD at a 5.70% Cap Rate San Diego, CA 92115
Executive Summary
Turn Key construction student rental property leased through August 2027 for $17,050 per month at a 5.7% WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 4bed/2ba, ADUs in back are 4bed/2ba and a 4bed/2ba. All market rate no deed restrictions! Located on one of the prime streets short walk to the SDSU campus & campus sports fields. This property usually rents 8-11 months in advance each year due to desirable layout, finishes, and proximity to campus. Tenants get 12 street parking permits (4 per address). In unit washer dryers in each unit.
Property Facts
| Price | $3,670,886 CAD | Property Type | Multifamily |
| Price Per Unit | $1,223,629 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,700 SF |
| Cap Rate | 5.70% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1970 |
| Price | $3,670,886 CAD |
| Price Per Unit | $1,223,629 CAD |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Gross Rent Multiplier | 13 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.16 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
Amenities
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 3 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 462-202-09 | Improvements Assessment | $549,304 CAD |
| Land Assessment | $860,994 CAD | Total Assessment | $1,410,298 CAD |
Property Taxes
Parcel Number
462-202-09
Land Assessment
$860,994 CAD
Improvements Assessment
$549,304 CAD
Total Assessment
$1,410,298 CAD
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5280 Manhasset Dr
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