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Investment Highlights
- Highly Regarded Architecture & Design by Jeff Svitak
- On Site Communal Coffee
- Adjacent to City-Maintained Park
- Strong Average In-Place Rent of $3,907
- Unmatched Location in Bankers Hill
- Impressive Neighborhood Demographics: $115,707 Avg. Household Income, $1.15M Median Home Sale Price (Homes.com)
Executive Summary
Berkadia is pleased to present Kaya, a newly delivered 78-unit trophy asset in the heart of Bankers Hill, one of San Diego’s most coveted urban neighborhoods. Built in 2025, Kaya combines striking, design-forward architecture with durable real estate fundamentals in a premier walkable location adjacent to Balboa Park and moments from Downtown, Hillcrest, and Little Italy.
Kaya presents a rare opportunity to acquire a newly constructed, highly differentiated asset featuring an average unit size of 770 SF, strong in-place rents averaging $3,907 per unit, and a compelling neighborhood renter profile supported by $115,707 average household income, 71.5% renter occupancy, and $1.15 million median home sale prices in the surrounding neighborhood. Kaya also benefits from a built-in lifestyle amenity with Communal Coffee occupying the ground-floor retail space, further enhancing the resident experience and street-level activation.
With its elevated design, irreplaceable Bankers Hill location, proximity to San Diego's major employment centers and lifestyle amenities, Kaya offers investors the chance to acquire a true best-in-class urban core asset.
Kaya presents a rare opportunity to acquire a newly constructed, highly differentiated asset featuring an average unit size of 770 SF, strong in-place rents averaging $3,907 per unit, and a compelling neighborhood renter profile supported by $115,707 average household income, 71.5% renter occupancy, and $1.15 million median home sale prices in the surrounding neighborhood. Kaya also benefits from a built-in lifestyle amenity with Communal Coffee occupying the ground-floor retail space, further enhancing the resident experience and street-level activation.
With its elevated design, irreplaceable Bankers Hill location, proximity to San Diego's major employment centers and lifestyle amenities, Kaya offers investors the chance to acquire a true best-in-class urban core asset.
Property Facts
| Sale Type | Investment | Lot Size | 0.36 AC |
| No. Units | 78 | Building Size | 80,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 8 |
| Apartment Style | Mid-Rise | Year Built | 2025 |
| Building Class | B | Parking Ratio | 0.84/1,000 SF |
| Zoning | RM-3-9 | ||
| Sale Type | Investment |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 80,000 SF |
| Average Occupancy | 100% |
| No. Stories | 8 |
| Year Built | 2025 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | RM-3-9 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 465 - 472 |
| 1+1 | 61 | - | 668 - 1,036 |
| 2+2 | 5 | - | 1,126 - 1,282 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $20,000,000 | |
| Land Assessment | $4,864,699 | Total Assessment | $24,864,699 |
Property Taxes
Parcel Numbers
Land Assessment
$4,864,699
Improvements Assessment
$20,000,000
Total Assessment
$24,864,699
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