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Woodlawn Apartments 330 N Juniper St 40 Unit Apartment Building $10,100,000 ($252,500/Unit) 5.08% Cap Rate Escondido, CA 92025
Investment Highlights
- Extremely Well-Maintained - Granite Countertops, Stainless Kitchen Appliance Package w/ Microwave
- All Large 1Bed/1Bath Floor Plans (AVG 700SF)
- Fantastic Central Escondido Location
- Central Heating & Air-Conditioning
- Ample Onsite Parking (70 Spaces), Onsite Laundry Facility
- Situated Just a Couple of Blocks from the Shops, Dining and Entertainment Along Grand Ave and Valley Pkwy
Executive Summary
The Woodlawn Apartments is a 40-unit apartment community located in Central Escondido, North County San Diego. Built in 1974, the unit mix consists of forty (40) 1Bdrm/1Bath units with spacious floor plans averaging 700SF. There is ample onsite parking (70 spaces), central air-conditioning, Amazon-Hub Lockers and an onsite laundry facility. The property benefits from its central location; walkability boasting a WalkScore of 78, it is situated just a couple of blocks from shops, dining and entertainment along Grand Ave and Valley Pkwy. This represents an opportunity to acquire an extremely well-maintained asset with strong in-place rents and additional upside in one of Southern California's best rental markets.
Property Facts
| Price | $10,100,000 | Building Class | C |
| Price Per Unit | $252,500 | Lot Size | 1.30 AC |
| Sale Type | Investment | Building Size | 28,000 SF |
| Cap Rate | 5.08% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.95 | No. Stories | 2 |
| No. Units | 40 | Year Built | 1974 |
| Property Type | Multifamily | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | S-P | ||
| Price | $10,100,000 |
| Price Per Unit | $252,500 |
| Sale Type | Investment |
| Cap Rate | 5.08% |
| Gross Rent Multiplier | 11.95 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 28,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | S-P |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Microwave
- Tile Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | $1,725 | 700 |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 229-310-79 | Improvements Assessment | $1,043,568 |
| Land Assessment | $513,979 | Total Assessment | $1,557,547 |
Property Taxes
Parcel Number
229-310-79
Land Assessment
$513,979
Improvements Assessment
$1,043,568
Total Assessment
$1,557,547
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Woodlawn Apartments | 330 N Juniper St