Auburn Apartments is a 45 unit apartment building with an excellent mix of 44 two-bedroom, 1 bath units and 1 three-bedroom, one-bath unit. The property features many recent improvements including exterior paint, low-maintenance landscaping and approximately 75% of units renovated. Rents will be increased on the majority of units by 9/1/15 between $1,125 and $1,275. Auburn Apartments presents a solid investment opportunity at cap rate of 5.7% with rent increases in place and as high as 6.19% at market.
Price Upon Req.103,325 SF
Property tours are available on the following dates:- Wednesday, June 17th from 2PM-3PM- Wednesday June 24th from 10AM-11AM- Thursday June 25th from 1PM-2PMPlease contact the listing brokers with questions.Auction.com and Cushman & Wakefield are pleased to present the opportunity to acquire the Sorrento Ridge Corporate Center, a 3-story, Class B office building located in Central San Diego, CA, with 296 stalls, 3.32/1,000 USF. The atrium style Property was built in 1986 and renovated in 1998. This true value add office building is located just 3 miles from San Diego's main business district, University Town Center (UTC) and is situated between San Diego's core technology submarket, Sorrento Mesa - home to QUALCOMM, and business market, Miramar. San Diego is a market poised for robust growth, particularly in the office sector. At the start of 2015 San Diego has recovered over 152% of the jobs lost in the 2008 recession and through Q1 2015 boasts an overall direct office vacancy rate of 10.0%.
This extremely well maintained property offers unique all 38 two-bedroom/two bath units with extremely generous floor plans ranging from approximately 950 square feet to 1,200 square feet in size. Interiors include air condition and heat, spacious walk-in closets*, kitchen pantry*, coat closet*, full equipped kitchens and additional outside storage. The property has benefited from approximately $400,000 dollars in recent capital improvements, including new roofs, exterior paint, low water use landscaping, resurfaced parking lot, and solar panels. As units' turnover, additional upside can be realized by further upgrading the unit interiors. Community amenities include a swimming pool with solar heating, gazebo, laundry facilities, barbeque, secured building and gated parking. The property is best appreciated by touring it in person. A drive-by does not tell the story - plus the entry is locked. Please contact me to set up a time to see a unit.
512-520 32nd St. offers an excellent opportunity to purchase an investment property in the rapidly improving submarket of San Diego known as Logan Heights. This mixed use property includes 7 residential units and a commercial space currently being rented by a church. The unit mix is ideal with one 2 bedroom/1 bath, and six 1 bedroom/1 bath units and there is ample on-site parking. Two of the 1 bedroom units are stand alone cottages and command a rent premium as a result and pay for all their utilities, including water. All windows on the entire property were replaced in the last few years and renovations have been done to about half of the units. Additional income can be generated from the on-site laundry along with the 2 garages and 2 storage containers that are on property. There is value to be added as all the current rents are significantly under market. The property has a great location with easy access to both the 94 and 15 freeways within minutes. Plus the property is walking distance to one of the main thoroughfares in Logan, Market St.
NORTH PACIFIC BEACH COTTAGES major renovations & better than new! Light, bright & airy! Granite counters, wood laminate floors, tile floors, all new kitchens & bathrooms! Opens onto central courtyard. Lighted ceiling fans throughout! Eating area off kitchen, all new kitchens with granite counters & brand new self-cleaning gas range/stove, new refrigerator, new dishwasher, new never-been-used designer cupboards & cabinets, new faucets, stainless sink. New greenhouse window over sink (2 units) lets you grow herbs or flowers! New bathrooms with beautiful new shower, sink & cabinet, flooring, window, fixtures & granite counters. In bedroom new ceiling fans, mirrored closet door, new window coverings. Fresh new paint throughout! Each unit opens onto a central park-like patio area which is shaded by an ancient Italian Stone Pine tree. 1466-1470 enjoy private back patios. The front garden is filled with organically grown lemon, orange, nectarine, avocado trees & a raspberry bush! New drip system for low water use. Many low water native plants & succulents. Banana tree. Sunset to dawn security lighting in parking area, throughout comple
Income / Business
A well-maintained 6-bed elderly care home with gross income over $20,000/month in a great Neighborhood. Great location with potential of expansion to 15-bed. Close to shopping centers, hospitals and parks. Spacious private rooms and building is in good shape. Plenty client sources. Seller is willing to help with licensing and initial training. Care givers can stay upon request. A total turnkey solution for investors or experienced RCFE operators for expansion. Hard-to-find beautiful care home in a hot senior care market . CALL LISTING AGENT NOW FOR SHOWING AND DRIVING INSTRUCTIONS . DON"T DISTURB EMPLOYEES AND RESIDENTS. BY SELLER"S REQUEST, PLEASE DON"T DISCUSS THE TRANSACTION IN FRONT OF EMPLOYEES AND RESIDENTS
High Image Flex Building with unobstructed beautiful canyon views to enjoy from the 13 window offices. Approx. 50% of bldg. is improved with office space (bldg. has extra HVAC system capacity so a user could potentially add more office or climate controlled space). Highlights: Skylights, Insulated warehouse ceiling, sealed warehouse concrete floors, 22' Clear height in warehouse, and ample parking. Potential Owner User/Purchaser can occupy a part or possibly all of the space. Discuss your space requirement with agent and he can illustrate how the requirement can be met. Income for current tenants can be provided with confidentiality agreement.
Excelent Investment!, perfect for a winery. Has al teast 20 acres with dense forest of old grown oak trees and a seasonal crek. Also, the property is a rectangle, and in the middle, has a hill with a large pad, with view of San Diego, Dontown and Coronado. Excellent also for a nice home with a ranch.
Income / Business
All information is on ebay.com Beautifull Private Tennis Club and Soccer club in San Diego, California 7 lit courts Tennis club, surrounded by trees, with a small creek. Has a 3000 sf Cozy Club House, a Tennis Cabana, swimming Pool, and a lot of Business potential to develop a lot of activities, as karate, music classes, gym, soccer classes, coffe shop, swimming lessons as a beautiful playground with inflatable Bouncers, Slides, Castles and Obstacles for Kids Birthdays . Also can be used for birthday parties. It's centrally located 10 minutes from San Diego Downtown and from the populated community of East Lake and Otay Lakes, Chula Vista. Its located right off freeway 94, great opportunity for advertisement. It has a 40 space Parking lot, on a 2 acre property. Must see. San Diego, California is known as “America’s Finest City” and for good reason. San Diego CA has fabulous beaches, Year Round warm temperatures, clear skies, vibrant communities and a healthy economy. The list of recreation opportunities in San Diego goes on and on including world class resorts, amusement parks, golf courses, deep sea fishing, sailing, surfing, windsurfing and kayaking. Address: 9545 Campo Road, Spring Valley, 91977 CA Web Site: www.astiztennisranch.com
229 Southlook has two large detached houses that are ideal for investors to live in one unit and rent the other. The main house has a grand total of 7 bedrooms and 3 baths. It is currently configured as a 5bed/2bath residence and a 2bed/1bath granny flat. It has been recently renovated with new counter tops, laminate and title flooring, interior paint, upgraded bathrooms, and crown molding. 299 Southlook is ideally suited for in-home residential care facility, and was formally operated as a room share facility that brought in great returns. The adjacent house, 231 Southlook has 3 bedrooms and 2 baths. New laminate flooring, granite counter tops, and tile backsplash accents are found throughout the newly 2014 construction. These houses are a perfect home for large families, with extra rooms for extended living. It is currently rented and brings in $1,800 a month. **All rents reflected in this marketing package are pro-forma rents.