4999 Sterling Ct - Apartments FOR SALE


San Diego, CA 92105- Chollas Creek
$5,000,000 USD
858-284-0371
4999 Sterling Ct, San Diego, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/17
null | 5.5% Cap Rate

4999 Sterling Ct
San Diego, CA 92105
Chollas Creek


HIGHLIGHTS

  • Fully turn-key ( 2bed/2baths x10 ) ( 1bedrooms 550 SF X 8 )
  • Gated community providing a secure and peaceful living environment
  • Prime corner lot with no adjoining parcels, maximizing privacy
  • Fully Remodeled, New Systems including main , sub panels, plumbing, dual pane vinyl widows, all electric appliances, quartz countertops, cabinets.
  • Unused Storage spaces on site IDEAL FOR ADU BUILDOUT for your Value Add Component
  • Opportunity Zone

OVERVIEW

BridgePoint Realty, Inc. proudly presents: Sterling Terrace, a fully turn-key 18-unit apartment community situated in the heart of San Diego's urbane core ( opportunity zone ) . This asset is securely gated and geographically protected at the end of a long street with mostly single family homes boasting pride of ownership. Also, this central SD location offers its residents affordable and quick access to Downtown and other major employment hubs via arterial freeways 94, 805, 15, interstate 5. - making it an ideal choice for young professionals and small family's alike. There are potentially easy value-add opportunities possible in converting multiple unused spaces / storage units into ADUS for additional income. PROPERTY HIGHLIGHTS: ****Opportunity Zone****** ****ADU conversion potential or ground up development via Complete communities housing solutions. - Turn Key units , ALL fully gutted and remodeled with modern amenities and tenant friendly fixtures. - Prime Cul-De-sac / corner lot with no adjoining parcels, maximizing privacy - Gated community providing a secure and peaceful living environment - Nestled within the Chollas Creek Community, offering a balance of convenience and tranquility

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

18

PRICE/UNIT

$277,778

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sterling Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

RM 2-5

APN/PARCEL ID

471-810-11

ASK ABOUT THIS PROPERTY

Abe PeayBridgePoint Realty, INCMore Info
858-284-0371

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Abe PeayBridgePoint Realty, INCMore Info
858-284-0371

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