5280 Manhasset Dr - Apartments FOR SALE


San Diego, CA 92115- College West
$2,495,000 USD
760-419-1343
5280 Manhasset Dr, San Diego, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/13
null | 6.1% Cap Rate

5280 Manhasset Dr
San Diego, CA 92115
College West


HIGHLIGHTS

  • Large Three 4Br/2Ba Units
  • 6.1% on Actuals
  • Short Walk to SDSU & Campus Sports Field
  • 12 Off Street Parking Permits for Tenants
  • Leased through 2026-2027 School Year

OVERVIEW

Turn Key construction student rental property leased through August 2027 for $17,050 per month at a 6.1% WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 4bed/2ba, ADUs in back are 4bed/2ba and a 4bed/2ba. All market rate no deed restrictions! Located on one of the prime streets short walk to the SDSU campus & campus sports fields. This property usually rents 8-11 months in advance each year due to desirable layout, finishes, and proximity to campus. Tenants get 12 street parking permits (4 per address). In unit washer dryers in each unit.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$674 USD /SF

# OF UNITS

3

PRICE/UNIT

$831,667

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,900 SF

ZONING

RS-1-7

APN/PARCEL ID

462-202-09

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.