240-260 Euclid Ave - Apartments FOR SALE


San Diego, CA 92114- Lincoln Park
$24,585,000 USD
858-414-6485
240-260 Euclid Ave, San Diego, CA for Sale
$24,585,000 USD
Apartments - FOR SALE
1/12
null | 4.7% Cap Rate

240-260 Euclid Ave
San Diego, CA 92114
Lincoln Park


HIGHLIGHTS

  • Priced At Only $165,000 Per Unit!
  • Senior Housing - 55+ Age Requirement (No Affordability Restrictions)
  • Value-Add Opportunity - Immediate Upside in Rents
  • Walk to Public Transportation & Retail Centers
  • All Roofs Recently Resurfaced & Building Recently Painted

OVERVIEW

Euclid Terrace is comprised of 148 one-bedroom units of approximately 505 square feet and 1 two-bedroom / one-bathroom unit of approximately 900 square feet. The interior amenities include spacious and efficient floor plans, standard appliance package (no dishwasher), all electric units, and security screen doors. The exterior is well maintained with new paint and drought-tolerant landscaping all within a low-density and private setting. The property also features an onsite rental office, community recreation room, multiple storage rooms, and two laundry room facilities. THE PROPERTY OPERATES UNDER A CONDITIONAL USE PERMIT WITH AGE REQUIREMENTS OF 55 AND OLDER.

FOR SALE DETAILS

PRICE

$24,585,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

149

PRICE/UNIT

$165,000

CAP RATE

4.7%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Euclid Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

53

LAND DETAILS

LAND ACRES

3.65 AC

LAND SF

158,994 SF

ZONING

-

APN/PARCEL ID

548-130-32

ASK ABOUT THIS PROPERTY

Dave AndrewsACRE Investment Real Estate ServicesMore Info
858-414-6485

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Dave AndrewsACRE Investment Real Estate ServicesMore Info
858-414-6485

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