OFFERING SUMMARY
List Price:
$10,500,000
Number of Units:
32
Price/Unit:
$328,125
Price/SF:
$311.48
Cap Rate:
3.63
GRM:
17.45
NOI:
$382,631
Status:
Active
Investment Highlights:
Irreplaceable Mission Hills, San Diego, CA Location Near Popular Balboa Park & Little Italy
•Opportunity To Develop For Maximum Density Or Refurbish Existing Legacy Assemblage
•Complete Communities Tier 3 Allows For 6.5 FAR; ~300 SF Of Frontage On San Diego Ave (~115 SF Depth)
•Extremely Rare Land Assemblage Of 33,710 SF In One Of The Most Trendy So-Cal Neighborhoods
•Existing Buildings Are Well-Maintained Condition Providing Substantial Rental Income During Permitting
•Large Under-Rented Units &Buildings Rest On Rarely Trading San Diego Avenue
•The subject Property Contains A Hard Corner With Ample Space For Behind-Property Parking
•Highly Walkable To Balboa Park, Local Restaurants, Cafes, Entertainment, Bars & Grocery Stores
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