202-208 Willie James Jones Ave - Apartments FOR SALE


San Diego, CA 92102- Lincoln Park
$12,250,000 USD
619-784-1031
202-208 Willie James Jones Ave, San Diego, CA for Sale
$12,250,000 USD
Apartments - FOR SALE
1/16
null | 5.24% Cap Rate

202-208 Willie James Jones Ave
San Diego, CA 92102
Lincoln Park


HIGHLIGHTS

  • Fantastic Unit Mix, (40) 2Bdrm/1Bath Units, (1) 1Bdrm/1Bath Unit
  • Onsite Leasing Office, Onsite Laundry Facility
  • Extremely Well-Maintained Asset - Granite Countertops, Stainless Kitchen Appliance Package w/ Microwave
  • Large Lot (1.14 Acres) with Approximately 50 Onsite Parking Spaces (Blend of Garage andSurface)
  • Strong Central San Diego Location Near Lincoln High School
  • Easy Access to I-805 Highway, Approximately 5-Miles to Downtown San Diego and 7-Miles to Mission Valley

OVERVIEW

41-unit apartment community located in Central San Diego. Built in 1987, the unit mix consists of forty (40) 2Bdrm/1Bath units and (1) 1Bdrm/1Bath units with spacious floor plans along with an onsite leasing office and laundry facility. Situated on a Large Lot (1.14 Acres) there is ample parking with approximately 50 Onsite Parking Spaces (Blend of Garage and Surface). This represents an opportunity to acquire an extremely well-maintained asset with strong in-place rents and additional upside in one of San Diego’s best rental markets. The property benefits from its central location and proximity to major shopping and business hubs situated only a few miles from both Mission Valley and Downtown San Diego.

FOR SALE DETAILS

PRICE

$12,250,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

41

PRICE/UNIT

$298,780

CAP RATE

5.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2Bdrm Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

RM-2-5

APN/PARCEL ID

548-141-17

ASK ABOUT THIS PROPERTY

James V. CarterApartment Realty Group, IncMore Info
619-784-1031

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James V. CarterApartment Realty Group, IncMore Info
619-784-1031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.