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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

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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.

PROPERTY FACTS

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
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 38117247

  • Date on Market: 2025-10-17

  • Last Updated:

  • Address: 6752-6770 Solita Ave, San Diego, CA 92115

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