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Solita Cottages | 10 - 3BR Homes | Renovated 6752-6770 Solita Ave 10 Unit Apartment Building $7,834,048 CAD ($783,405 CAD/Unit) 5.50% Cap Rate San Diego, CA 92115



INVESTMENT HIGHLIGHTS
- BIG PRICE DROP | 5.5% - 5.94% Caps
- Extensively Renovated
- San Diego - SDSU
- Great location near SDSU in upscale Rolando Village
- 10 freestanding renovated 3BR/2BA homes
- Garages and private patios/yards
EXECUTIVE SUMMARY
BIG PRICE DROP | San Diego - SDSU | 10 Renovated 3BR Homes | 5.5% - 5.94% Caps.
Over $900,000 on recent CapEX at the property. 10 - Detached 3BR/2BA Homes With Garages & Private Yards. 6752-6770 Solita Ave is an extremely unique residential rental offering in the City of San Diego, in the highly desirable and upscale enclave of Rolando Village, surrounded by a residential community of upscale homes. Just a little over a mile from the property is San Diego State University (SDSU), a bustling university with more than 37,000 students. The property consists of 10 single-family detached 3BR/2BA homes with attached garages and yards. Originally built in 1984, the property has been extensively renovated to a high level to attract elite tenants. More than $900,000 was spent to reposition the property with recent comprehensive renovations including (but not limited to) new upscale kitchens and baths, new flooring and paint throughout, all new A/C mini-splits, new fixtures, new in-unit washer/dryers, new individual hot water heaters, new roofs throughout, windows, new low maintenance and drought tolerant landscaping, and much more.
Contact listing agent for offering memorandum.
Over $900,000 on recent CapEX at the property. 10 - Detached 3BR/2BA Homes With Garages & Private Yards. 6752-6770 Solita Ave is an extremely unique residential rental offering in the City of San Diego, in the highly desirable and upscale enclave of Rolando Village, surrounded by a residential community of upscale homes. Just a little over a mile from the property is San Diego State University (SDSU), a bustling university with more than 37,000 students. The property consists of 10 single-family detached 3BR/2BA homes with attached garages and yards. Originally built in 1984, the property has been extensively renovated to a high level to attract elite tenants. More than $900,000 was spent to reposition the property with recent comprehensive renovations including (but not limited to) new upscale kitchens and baths, new flooring and paint throughout, all new A/C mini-splits, new fixtures, new in-unit washer/dryers, new individual hot water heaters, new roofs throughout, windows, new low maintenance and drought tolerant landscaping, and much more.
Contact listing agent for offering memorandum.
PROPERTY FACTS
| Price | $7,834,048 CAD | Apartment Style | Garden |
| Price Per Unit | $783,405 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 5.50% | Building Size | 9,900 SF |
| Gross Rent Multiplier | 12.62 | No. Stories | 1 |
| No. Units | 10 | Year Built/Renovated | 1984/2024 |
| Property Type | Multifamily | Parking Ratio | 1.62/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-1-1 | ||
| Price | $7,834,048 CAD |
| Price Per Unit | $783,405 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 12.62 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 9,900 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2024 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | RM-1-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Picnic Area
- Recycling
- Car Charging Station
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 10 | $5,023 CAD | 950 |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 468-380-19 | Improvements Assessment | $1,869,978 CAD |
| Land Assessment | $4,452,330 CAD | Total Assessment | $6,322,308 CAD |
PROPERTY TAXES
Parcel Number
468-380-19
Land Assessment
$4,452,330 CAD
Improvements Assessment
$1,869,978 CAD
Total Assessment
$6,322,308 CAD
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Solita Cottages | 10 - 3BR Homes | Renovated | 6752-6770 Solita Ave
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