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Solita Cottages 6752-6770 Solita Ave 10 Unit Apartment Building $7,518,774 CAD ($751,877 CAD/Unit) 5.62% Cap Rate San Diego, CA 92115
Investment Highlights
- 10 detached single-family rental homes, each featuring 3 bedrooms and 2 bathrooms with attached garages and private yards
- Located in desirable Rolando Village neighborhood of San Diego, minutes from San Diego State University
- New kitchens with upgraded appliances, renovated bathrooms, new flooring, new windows and sliders, new roofs and more
Executive Summary
Rare opportunity to acquire Solita Cottages, a unique collection of 10 detached single-family rental homes located at 6752–6770 Solita Avenue in the desirable Rolando Village neighborhood of San Diego, just minutes from San Diego State University.
Each home features 3 bedrooms and 2 bathrooms, approximately 990 square feet, and includes an attached garage and private yard, offering residents the feel of individual single-family living with no shared walls. The property was originally built in 1984 and has recently undergone extensive renovations, creating a turnkey residential rental community.
Recent improvements include new kitchens with quartz countertops, stainless steel appliances, upgraded cabinetry and fixtures, renovated bathrooms, new flooring, interior and exterior paint, mini-split A/C systems, new windows and sliders, new roofs, landscaping improvements, and full-size in-unit washer and dryers.
The property sits on approximately 32,670 square feet of land and offers strong rental demand driven by its proximity to SDSU, major transportation corridors, and central San Diego employment hubs.
Rolando Village is known for its tree-lined streets, strong community atmosphere, and convenient access to La Mesa, Downtown San Diego, Mission Valley, and local parks and recreation.
Solita Cottages represents a rare multifamily offering of detached homes with garages and yards in a high-demand San Diego rental market.
Each home features 3 bedrooms and 2 bathrooms, approximately 990 square feet, and includes an attached garage and private yard, offering residents the feel of individual single-family living with no shared walls. The property was originally built in 1984 and has recently undergone extensive renovations, creating a turnkey residential rental community.
Recent improvements include new kitchens with quartz countertops, stainless steel appliances, upgraded cabinetry and fixtures, renovated bathrooms, new flooring, interior and exterior paint, mini-split A/C systems, new windows and sliders, new roofs, landscaping improvements, and full-size in-unit washer and dryers.
The property sits on approximately 32,670 square feet of land and offers strong rental demand driven by its proximity to SDSU, major transportation corridors, and central San Diego employment hubs.
Rolando Village is known for its tree-lined streets, strong community atmosphere, and convenient access to La Mesa, Downtown San Diego, Mission Valley, and local parks and recreation.
Solita Cottages represents a rare multifamily offering of detached homes with garages and yards in a high-demand San Diego rental market.
Financial Summary (Actual - 2025) 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 - 2025) 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 | $7,518,774 CAD | Apartment Style | Garden |
| Price Per Unit | $751,877 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 5.62% | Building Size | 9,900 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Zoning | RM-1-1 | ||
| Price | $7,518,774 CAD |
| Price Per Unit | $751,877 CAD |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| Sale Condition | 1031 Exchange |
| 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 |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | RM-1-1 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Yard
- Freezer
Site Amenities
- 24 Hour Access
- Fenced Lot
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 10 | $4,982 CAD | 950 |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 468-380-19 | Total Assessment | $6,180,086 CAD |
| Land Assessment | $4,352,173 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,827,913 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
468-380-19
Land Assessment
$4,352,173 CAD
Improvements Assessment
$1,827,913 CAD
Total Assessment
$6,180,086 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Solita Cottages | 6752-6770 Solita Ave
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