5270-72 Manhasset Dr @ Redding Dr - Apartments FOR SALE


San Diego, CA 92115- College West
$1,895,000 USD
760-419-1343
5270-72 Manhasset Dr @ Redding Dr, San Diego, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/19
null | 5.72% Cap Rate

5270-72 Manhasset Dr @ Redding Dr
San Diego, CA 92115
College West


OVERVIEW

Turn Key 2021 Renovation/construction student rental property leased through August 1st 2027 for $12,900 per month at a 5.6% Cap rate WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 5bed/2ba, ADU in back is a 4bed/2ba. All market rate no deed restrictions! Prime location short walk to the SDSU campus and Aquaplex & fields. This property usually rents 8-11 months in advance each year due to desirable layout, finishes, and proximity to campus. 3 off street parking spots plus 8 street parking permits (4 per address). In unit washer dryers

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$706 USD /SF

# OF UNITS

2

PRICE/UNIT

$947,500

CAP RATE

5.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SDSU Investment Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,792 SF

ZONING

RSF1

APN/PARCEL ID

462-201-10

ASK ABOUT THIS PROPERTY

Alexio BarbaraBridgepoint Realty Inc.More Info
760-419-1343

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Alexio BarbaraBridgepoint Realty Inc.More Info
760-419-1343

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