Property Detail
Description
Back on Market! Seller improving units and higher NOI coming.... BRING ALL OFFERS. Solid in place Cap Rate w/ clear path to 7%+ Cap Rate w/ out Major Rehabds. Loan amount of $3m available (inquire with LA). Available ADU potential for 1-2 more units. 16 unit property in Colina Del Sol in San Diego. This one building property contains an excellent unit mix of 10 1bd/1bt units, 4 2bd/1.5bt units and 2 Studios. Majority of the units have recently been remodeled with new laminate flooring, paint, stainless steel appliances, tiled showers, AC (in select units), new cabinets, quartz countertops, and the newest 1br remodel has in-unit washer/dryer. This property has been well maintained and can offer upside in rents with minimal remodeling required.
Map Location
Listing provided courtesy of Jordan Concepcion of Apartment Realty Group (ARG). Last updated 2024-11-19 10:26:59.000000. Listing information © 2024 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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