6455 Shaules Ave - Apartments FOR SALE


San Diego, CA 92114- Encanto
$9,840,000 USD
858-964-8087
6455 Shaules Ave, San Diego, CA for Sale
$9,840,000 USD
Apartments - FOR SALE
1/16
null | 6.15% Cap Rate

6455 Shaules Ave
San Diego, CA 92114
Encanto


HIGHLIGHTS

  • Only $240K per unit and $300 Sq.Ft.
  • All 2 Bedrooms - Single Story
  • High 6.15%+ CAP Rate on Actuals
  • Beautiful Views of San Diego Skyline
  • Quiet Single Family Residence Neighborhood
  • Large 73,455 Sq. Ft. Parcel (12 APNs)

OVERVIEW

DP Properties & Century 21 Masters is proud to present the Casa Serena Apartment Homes in the "Encanto Heights" neighborhood of San Diego. Casa Serena consists of forty one (41) 2 Bed/1 Bath single story cottage style units. Each building sits on its own parcel and the whole offering consists of twelve (12) total parcels. The gated property has 71 onsite parking spaces, on-site laundry facilities (owned), and 12 large storage units. Casa Serena will allow an investor to purchase a large property with positive leverage from day one. The low-density large footprint (almost 2 acres) may allow for a development play down the road. The 12 individual parcels allow for the investor to choose between commercial or residential financing. Encanto (Spanish for "Charm") is a hilly urban neighborhood located in the southeastern region of San Diego, California. The neighborhood is bordered by California State Route 94 and the communities of Oak Park and Broadway Heights to the north, O'Farrell (also known as South Encanto) to the south, Emerald Hills and Valencia Park to the west and the city of Lemon Grove to the east. Encanto is a predominantly low-density residential community, with commercial and industrial businesses located near major streets. Encanto Heights (where the subject property is located) sits just above the Encanto submarket, on the top of the hill providing beautiful views of the downtown skyline. The property itself is in a quiet pocket surrounded by all single family homes.

FOR SALE DETAILS

PRICE

$9,840,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

41

PRICE/UNIT

$240,000

CAP RATE

6.15%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Serena Apartment Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,455 SF

ZONING

R-4

APN/PARCEL ID

549-154-15,549-154-16,549-154-17,549-154-18,549-154-19,549-154-20,549-154-21,549-154-22,549-154-23,549-154-24,549-154-25,549-154-26

ASK ABOUT THIS PROPERTY

Dave PlutnerDP Properties Real Estate Investment BrokerageMore Info
858-964-8087

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Dave PlutnerDP Properties Real Estate Investment BrokerageMore Info
858-964-8087

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