2519 El Cajon Blvd - Apartments FOR SALE


San Diego, CA 92104- North Park
$25,995,000 USD
339-222-3361
2519 El Cajon Blvd, San Diego, CA for Sale
$25,995,000 USD
Apartments - FOR SALE
1/22
null | 4.63% Cap Rate

2519 El Cajon Blvd
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Spacious Loft Style Units (16 Foot Exposed Wood Ceilings)
  • Well Positioned & Located Within North Park
  • High Occupancy Rate + Demand From Renters
  • Floating Balconies + Patios For Tenants

OVERVIEW

Completed in 2024, Niima is a 55 unit apartment complex with a total net rentable area of approximately 34,391 square feet and an average unit size of 574 square feet. Positioned along El Cajon Boulevard, the building benefits from a highly visible location within one of North Park’s most lively corridors, placing residents within immediate proximity to the neighborhood’s restaurants, craft breweries, and boutiques. Niima redefines urban living through its pioneering use of cross-laminated timber (CLT), a sustainable mass timber construction method that enables expansive, open-concept interiors while introducing a natural warmth rarely found in traditional multifamily development. This construction approach also allows for design features such as floating balconies, seamlessly integrated into the mass timber floor plates, creating a natural transition between interior and exterior living spaces. This design approach ultimately transforms each residence into a resort-like living experience. The property features 3,315 square feet of a ground-floor restaurant, contributing to the area’s vibrant mixed-use character. Residences offer thoughtfully designed floor plans with modern kitchens, quartz countertops, energy-efficient appliances, and 16-foot exposed wood ceilings, complemented by expansive windows that provide abundant natural light. Most units offer private patios or balconies, creating a seamless indoor-outdoor living experience.

FOR SALE DETAILS

PRICE

$25,995,000 USD

PRICE/SF

$756 USD /SF

# OF UNITS

55

PRICE/UNIT

$472,636

CAP RATE

4.63%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Niima

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2024

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CC-3-9

APN/PARCEL ID

445-421-02,445-421-03

ASK ABOUT THIS PROPERTY

Brendan FlynnSouth Coast Commercial, Inc.More Info
339-222-3361

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Brendan FlynnSouth Coast Commercial, Inc.More Info
339-222-3361

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