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106-138 Grape St
San Diego, CA 92101
Golden Bay Apartments · Multifamily Property For Sale
·
19 Units
Investment Highlights
- 3.95% ProForma CAP Rate / Offering actual CAP Rate of 2.57%
- Excellent unit mix of a majority large one-bedroom units and 1 three-bedroom penthouse, currently leased per level to 3 separate tenants.
- There are several notable developments in the San Diego area, particularly near Bankers Hill, and some linked to SDSU (San Diego State University).
- First time to the market in 20+ years.
- The property sits atop 2 APNs & as such does not require onsite management saving a potential investor thousands annually in operating expenses.
- Redevelopment Potential / Multifamily Options / Opportunities to utilize San Diego’s density bonus program to build larger projects.
Property Facts
| No. Units | 19 | Building Size | 12,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | MR10, San Diego | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | MR10, San Diego |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $2,042 | 600 |
| 3+2 | 1 | $4,503 | 2,100 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,882,800 | |
| Land Assessment | $1,037,441 | Total Assessment | $2,920,241 |
Property Taxes
Parcel Numbers
Land Assessment
$1,037,441
Improvements Assessment
$1,882,800
Total Assessment
$2,920,241
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