2386 W Jewett St - Apartments FOR SALE


San Diego, CA 92111- Linda Vista
$3,850,000 USD
858-761-2529
2386 W Jewett St, San Diego, CA for Sale
$3,850,000 USD
Apartments - FOR SALE
1/18
null | 4.77% Cap Rate

2386 W Jewett St
San Diego, CA 92111
Linda Vista


HIGHLIGHTS

  • Luxury turnkey investment featuring fully renovated and newly constructed units with ocean views and no rent restrictions
  • Desirable unit mix comprised entirely of large three and four-bedroom floor plans
  • Premium designer fixtures and finishes, in-unit washers & dryers, HVAC systems, with private yards, double car garages, and large rooftop decks
  • Additional upside by converting the three (3) double-car garages into three (3) ADUs
  • Excellent central San Diego location minutes from the bay, downtown, and University of San Diego.
  • Exceptional opportunity as an owner-occupied investment

OVERVIEW

We are pleased to present 2386-94 W Jewett St, a 5- unit complex in the Linda Vista Neighborhood of San Diego, California. The asset features a combination of brand new 2 story townhomes and a detached SFR, with contemporary design and views of Mission Bay behind two luxurious and fully renovated street facing units. The property boasts a desirable unit-mix comprised of one (1) detached four-bedroom / three-bathroom SFR with 1,537 square feet, two (2) three-bedroom / three-bathroom 2-story townhome floorplans averaging 1,195 square feet, and two (2) three-bedroom / two-bathroom single-story units with 884 square feet. The single-story units have undergone extensive luxury renovations, with no expenses spared, and the finished product of the newly constructed townhomes is superior in kind and most important to quality. Interiors feature plenty of natural sunlight and are appointed with premium designer fixtures and finishes, granite countertops and backsplash, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile bath and shower enclosures, stylish glass staircase and deck railings, rooftop deck, ample closet space, recessed, ceiling fans, HVAC systems, and in-unit washers and dryers. Select units feature private yards and double car garages. 2386-94 W Jewett Street is located in the hills of Linda Vista, a highly desirable location undergoing significant gentrification as new developments are seen from most streets. The property provides direct access to University of San Diego (1.5 miles away), Mission Valley, University Town Center, and Downtown San Diego (a Tier-1 employment center). At the base of Linda Vista, the city of San Diego has developed the Morena Corridor Specific Plan, with the goal of improving traffic circulation, pedestrian and bicycle route upgrades, providing additional restaurant and commercial services with the extension of the trolley line. The property presents a rare opportunity for an investor to purchase a newly built and fully renovated asset in one of the most highly sought-after submarkets in San Diego County with additional upside through the conversion of the 3 double car garages into additional units.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$676 USD /SF

# OF UNITS

5

PRICE/UNIT

$770,000

CAP RATE

4.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,801 SF

ZONING

RM-1-1

APN/PARCEL ID

431-333-14

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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