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Chamoune Apartments 3845-3855 Chamoune Ave 22 Unit Apartment Building $6,195,000 ($281,591/Unit) 5.18% Cap Rate San Diego, CA 92105
INVESTMENT HIGHLIGHTS
- Highest Year 1 Yielding Deal in All of San Diego County ~ 7.5% Year 1!
- All Units Have Been Upgraded/Modernized
- Dynamic Unit Mix of 1, 2 and 3 Bedroom Units
- Highly Attractive Freddie Mac Assumable Debt - 3.03% Interest Only Thru March 2029
- Newer Roof, Windows, Exterior Paint, Security Systems, Fencing, Etc.
- Laundry Facilities and Ample Off Street Parking
PROPERTY FACTS
| Price | $6,195,000 | Building Class | C |
| Price Per Unit | $281,591 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 9,350 SF |
| Cap Rate | 5.18% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.55 | No. Stories | 2 |
| No. Units | 22 | Year Built/Renovated | 1971/2022 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MR15B | ||
| Price | $6,195,000 |
| Price Per Unit | $281,591 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 12.55 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 9,350 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2022 |
| Parking Ratio | 0.95/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MR15B |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $1,650 | 450 |
| 2+2 | 1 | $2,175 | 650 |
| 3+1 | 1 | $2,500 | 775 |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 471-581-35 | Improvements Assessment | $2,182,904 |
| Land Assessment | $3,289,744 | Total Assessment | $5,472,648 |
PROPERTY TAXES
Parcel Number
471-581-35
Land Assessment
$3,289,744
Improvements Assessment
$2,182,904
Total Assessment
$5,472,648
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Chamoune Apartments | 3845-3855 Chamoune Ave
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