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    5526 Lauretta St

    San Diego, CA 92110
    • $20,000,000
    • STATUS: ACTIVE
    • ON SITE: 14 days
    • ID#: 210025902
    UPDATED: 47 min ago
    $20,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    New construction 30-unit apartment building featuring all 2 bed, 2 baths just 3 blocks to the University of San Diego. Projected rent for 27 market rate units is $3,250 each. Three density bonus units rent at $1,260 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. ** Fully approved condo map. ** 2021 construction will have final approval by 9/20/2021 with leasing starting immediately. Currently vacant. 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.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/121345125
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    5526 Lauretta St San Diego, CA 92110

    • Price: $20,000,000
    • Status: ACTIVE
    • Updated: 47 min ago
    • ID#: 210025902
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Old Town Sd (92110)
    County:
    San Diego
    Area:
    Old Town Sd (92110)
    Property Description
    New construction 30-unit apartment building featuring all 2 bed, 2 baths just 3 blocks to the University of San Diego. Projected rent for 27 market rate units is $3,250 each. Three density bonus units rent at $1,260 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. ** Fully approved condo map. ** 2021 construction will have final approval by 9/20/2021 with leasing starting immediately. Currently vacant. 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.
    Exterior Features

    Exterior Solar Owned Parking Spaces Parking Spaces Total 30 Roof Composition

    Interior Features

    Cooling Central Forced Air Gas Floor Coverings Vinyl Heating Central Forced Air Gas Laundry Owned Sq Ft Of Improvement 29828 Stories 4 Story Units With Dishwashers 30 Units With Disposals 30 Units With Ranges 30 Units With Refrigerators 30

    Property Features

    Actual Gross Scheduled Income 0.0 Actual Operating Expense 0 Assumable Finance 0 Buildings 1 Complex Features Elevator Financial Information Source Owner Gross Equity 0 Gross Multiplier 0 Have 30 X New 2Br/2Ba Units Leased Apartments 0 Mandatory Remarks None Known Market Area Metro Motive Want 1031 Exchange Projected Cap Rate 3.84 Projected Gross Multiplier 18.21 Projected Gross Scheduled Inc 1098360 Projected Net Income 768852 Projected Operating Expense 329508 Sq Ft Source Plans Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 30 Unit Type ApartmentCondo

    Listing provided courtesy of Berkshire Hathaway Homeservice. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101