Built in 1972, Villa Vidorra is a 22 unit apartment community that offers a diverse mix of studios, one bedroom and two bedroom units. The property is comprised of a single building with five (5) two-car garages and one (1) single car garage. The one and two bedroom apartments offer spacious floor plans with one bedrooms ranging from 572 to 726 square feet and two bedrooms ranging from 880 to 1,248 square feet. Over the past few years several units have been partially renovated with laminate and/or vinyl wood-looking flooring, renovated baths. Buyer to verify if all units are legal.
PRIME HIGH DEMAND NORTH PACIFIC BEACH COTTAGES! TURN-KEY UNITS! Could be perfect for vacation rentals too? Light, bright & airy! Granite counters, wood laminate floors, tile floors, new kitchens & bathrooms! Lighted ceiling fans! Eating area off kitchen, new kitchens with granite counters & new self-cleaning gas range/stove, new frost-free refrigerators, new dishwasher, new designer cupboards & cabinets; new faucets & stainless sinks. New greenhouse windows (2 units). New bathrooms with beautiful new showers, sinks & cabinets, flooring, windows, fixtures & granite counters. In bedroom mirrored closet doors, new window coverings, opens onto private back patios. Fresh paint throughout! Each unit opens onto a central patio shaded by an ancient Italian Stone Pine. The gardens are filled with organically grown lemon, orange, nectarine, avocado trees & a banana tree! New drip system for low water use. Native plants & succulents.
3551 Front Street includes a professional office building with nine suites. On site parking for up to 13 cars, with wide alley access. Lush rear and side gardens. The zoning MR-1000 allows for development of residential units for up to one unit per 1,000 square feet of property. With two parcels, the potential could accommodate up to 13 residential units. Pride of ownership property in Hillcrest. Victorian appeal; The Moore House exemplifies Queen Anne style architecture. Its exterior is adorned with Eastlake style ornamentation. Charming interiors with kitchen and basement, which is one of the suites. Rear entry with enclosed porch. Spacious open enjoyment of space. South west exposure on the high side of Front Street. There is a 2 bdrm house that shares this lot, it may be included for an additional cost.
Solid 4 CAP at the beach. Own an 8 unit apartment in one of the best beach communities of San Diego County - Ocean Beach. The apartments have undergone a complete renovation (low maintenance costs) and have super high tenant demand (coastal properties appreciate in value more quickly).
Built in 1973, 703 Windsor Court is an attractive 5-unit apartment property located in a quiet residential neighborhood of Vista. The subject property offers an ideal location on a residential cul-de-sac street and within a short walk to the Vista City Library. This opportunity offers a desirable unit mix of one and two bedroom units all with one-car garages. Additionally, there is a community laundry room and three extra garages which can provide additional income. Two of the units have been upgraded with some level of renovation. Please be discreet when driving the property so as not to disturb the residents. The property may be shown with an accepted offer and owner's authorization.
Built in 1975, 707 Windsor Court is an attractive 5-unit apartment property located in a quiet residential neighborhood of Vista. The subject property offers an ideal location on a residential cul-de-sac street and within a short walk to the Vista City Library. This opportunity offers a desirable unit mix of one and two bedroom units all with one-car garages. Additionally, there is a community laundry room and two extra garages which can provide additional income. Every unit has had some level of renovation including laminate/vinyl flooring in the living areas, carpet in the bedrooms, refinished cabinets and countertops, new outlets and switches and lighting. Unit 1 also has new cabinets, countertops and bath vanity. Additional improvements include recent exterior paint and a new trash enclosure.
Price reduced to range $4,750,000-5,000,000 The iconic Torrey Arms was once owned by renowned botanist Dr. John Torrey, who famously discovered and named the Torrey pine tree. The Victorian structure built in 1885 is one of San Diego' s oldest buildings. Coupled with the 1930' s courtyard units, this property provides all the charm and character that tenants in this area desire. The property is well positioned to acquire substantial property tax savings via the Mills Act (as much as 90% off in some cases). San Diego is experiencing increased demand for conventional multifamily apartments. Charming Torrey Arms is located close to recreation, retail, entertainment, shopping and employment centers. Apartments have recently rented at the pro-forma rates listed in the financial section of this memorandum. Building rents were last increased in February of 2015. There is great potential for rent increases through additional renovations and/or improvements.
5.5 Cap Rate on in-place actual rents (with new taxes factored)!!!! Great opportunity to own 84 units west of the 5 freeway and a few short blocks from the ocean. Property features new vinyl windows, new parking lot etc... Large apartments and 3.15 acres provide for a park like setting. Unit mix is 83 1br/ 1 ba. and one 2br/ 1 ba.
What? Parking by the beach? Blocks to Windansea. Coastal Playground along with an easy stroll minutes to the Village. Long term owner with below market rents. Residential units have been well managed for years. Prefect for the Income Investor-bring your imagination - create your own experience. Separate main home 3 BR, fireplace, deck. 2 BR, w/ocean view, fireplace, deck, spacious living area. Plus additional guest quarters. Underutilized expansive yard. Looking for Zen! 2 Car Garage, plus 6 spaces. Invest in La Jolla!
The Ha' Penny Inn LLC has been operated by a new owner since October 2013. Most all profits have gone into upgrading the property. 75 rooms of four different sizes, most having kitchens. Two story wings surround pool in the center. Abundant parking, on site laundry and pool, make for very comfortable living. Many tenants are longer term. Carefully managed and maintained. Please do not disturb staff or tenants.