Log In/Sign Up
Your email has been sent.
Scripps Poway Villas 12425 Oak Knoll Rd 56 Unit Apartment Building $23,000,000 ($410,714/Unit) 4.76% Cap Rate Poway, CA 92064
Investment Highlights
- Private gated community featuring controlled access for enhanced security.
- On-site management and 24-hour emergency maintenance services for added convenience.
- Spacious apartments equipped with air conditioning, hardwood-style flooring, and walk-in closets.
- Convenient location near shopping centers, dining options, parks, and major schools, with easy access to Interstate 15.
Executive Summary
Kidder Mathews is pleased to present Scripps Poway Villas & Pomerado Self-Storage, a unique investment opportunity consisting of a 56-unit apartment community and a 48-unit self-storage facility located in Poway, California. The adjacent properties provide stable cash flow and benefit from shared operations.
The apartment community has been well maintained and the majority of the units have been renovated over the years with updates to the kitchens and bathrooms. Investors have the opportunity to further increase revenue through the installation of in-unit washers and dryers, a proven amenity that can command meaningful rent premiums.
Located in one of San Diego County's most affluent and supply-constrained submarkets, the property benefits from strong demographics, highly rated schools, and significant barriers to new development. Combined with proximity to major employment centers, retail amenities, and the Poway Business Park, Scripps Poway Villas & Pomerado Self-Storage offers a rare opportunity to acquire a well-positioned portfolio with long-term growth potential.
The apartment community has been well maintained and the majority of the units have been renovated over the years with updates to the kitchens and bathrooms. Investors have the opportunity to further increase revenue through the installation of in-unit washers and dryers, a proven amenity that can command meaningful rent premiums.
Located in one of San Diego County's most affluent and supply-constrained submarkets, the property benefits from strong demographics, highly rated schools, and significant barriers to new development. Combined with proximity to major employment centers, retail amenities, and the Poway Business Park, Scripps Poway Villas & Pomerado Self-Storage offers a rare opportunity to acquire a well-positioned portfolio with long-term growth potential.
Property Facts
| Price | $23,000,000 | Apartment Style | Garden |
| Price Per Unit | $410,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.20 AC |
| Cap Rate | 4.76% | Building Size | 47,670 SF |
| Gross Rent Multiplier | 12.7 | Average Occupancy | 93% |
| No. Units | 56 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R3, Poway - Multifamily | ||
| Price | $23,000,000 |
| Price Per Unit | $410,714 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| Gross Rent Multiplier | 12.7 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 47,670 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, Poway - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Walk-In Closets
- Yard
- Patio
Site Amenities
- Controlled Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Spa
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 600 |
| 2+1 | 48 | - | 975 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 317-550-20 | Improvements Assessment | $4,303,570 |
| Land Assessment | $1,844,380 | Total Assessment | $6,147,950 |
Property Taxes
Parcel Number
317-550-20
Land Assessment
$1,844,380
Improvements Assessment
$4,303,570
Total Assessment
$6,147,950
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
