$18,995,000
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SOLD DATE : 05/27/2022
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220004371SD
Sold Date 05/27/22
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Completed new construction 30-unit apartment building featuring all 2 bed, 2 baths just 3 blocks to the University of San Diego. Average projected rent for 27 market rate units is $3,192 each. Three density bonus units rent at $1,066 each. Units feature open concept kitchen and living room, vinyl flooring throughout, quartz countertops in baths and kitchen, central AC, in-unit laundry, and balcony(s). Tenants pay their own utilities. All units are ADA compliant. Building has keyed and code entry, elevator, solar for common areas, and secure garage parking for 30 vehicles. ** Now leasing! ** Comes with fully approved condo map. ** Central and highly walkable location 3 blocks to the west entrance of the University of San Diego campus, 0.5 walking-miles to Mission Valley YMCA, 0.4 walking-miles to the Morena/Linda Vista Trolley Stop, 1.5 driving-miles to the Fashion Valley Mall, and a short stroll to many more neighborhood attractions including Starbucks and many restaurants. Easy access to I-8 and I-5 for trips to the airport, downtown, and nearby beaches. Tenants pay for utilities in addition to rent. Each tenant has their own electric meter. Each tenant has a sub meter on both hot and cold water. The total of those will be billed pro rata to the tenant for water use. Their pro rata share of the hot water will become their share of the gas meter bill. Each tenant will also pay 1/30 of the trash bill. ** Building has a solar system in place for the house power only, which will offset the cost of operating the vehicle gate, elevator, and common area/lobby power. ** All apartments are pre-wired for individual solar. Panels are not installed for individual apartments. Cooling: Central Forced Air Gas
Location
State CA
County San Diego
Area 92110 - Old Town Sd
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 30
Others
Tax ID 4363621400
Financing Cash to New Loan
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Bought with Steven Cairncross Berkshire Hathaway HomeService

johnherkenrath@epiquerealty.com
<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>







