2188 San Diego Avenue, Old Town, CA 92110

$5,095,000
1
BD
List Price
$5,095,000
Days on Market
38
Status
ACTIVE
MLS#
180002770
Bedrooms
1
Lot Size(apprx.)
7,768
Property Type
Multifamily

Property Description

Solis Place is a 21 unit apartment building that underwent a full renovation completed in 2017. The 3 story building consists of 7 one bedroom units and 14 studio units along with a laundry room and 4 off-street parking spaces situated on a 7,768 square foot lot. Each unit is furnished with a kitchen including a microwave, refrigerator, and stove, dining table with two chairs, sofa, TV, queen bed, nightstands, dresser, bathroom, closet, as well as heat and A/C. The third floor units have private decks and views of Coronado, Downtown San Diego and Point Loma. All utilities as well as cable and internet are paid by landlord. Solis Place is an ideal student housing option for UC San Diego, San Diego State or USD students. These off-campus apartments have proximity to I-5, a high walkability score, and are blocks from public transportation. The operations provide an investor with a low vacancy factor in a low maintenance asset and tenants with an affordable, renovated, stream-lined housing option.

Additional Information

Annual Expense Actual
1965
Lot Size
7,768
Style
Com-Res Income

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Calculator source: Real Geeks

Listing courtesy of South Coast Commercial, Inc.