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5502 Adelaide Ave
San Diego, CA 92115
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 5,772 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1989 |
| Building Class | C | Parking Ratio | 3.47/1,000 SF |
| Zoning | RM-1-3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,772 SF |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 3.47/1,000 SF |
| Zoning | RM-1-3 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Range
- Patio
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
ABOUT 5502 ADELAIDE AVE , SAN DIEGO, CA 92115
The Adelaide Apartments consist of an 8 unit community in one residential building totaling 5,772 rentable SF with an additional structure with 4 double deep garages on a 13,752 SF lot with over 20 total parking spaces. The unit mix features four 2 Bed / 2 Bath units and four 1 Bed / 1 Bath units. The property has been extensively remodeled within the past 3 years. The exterior of the property has been painted, fitted with new windows, as well as re-landscaped with low maintenance landscaping. The units all have low flow toilets, new tubs and showerheads. The kitchens have new wood cabinets and quartz counter-tops as well as new appliances. All of the units have dishwashers, microwaves, in-unit washers and dryers and new vinyl plank flooring in the common areas as well as ceiling fans. The property is located in El Cerrito, a residential neighbor by Talmadge and the SDSU College Area. The College Area is a neighborhood of the Mid- City region of San Diego, California. The College Area is dominated by San Diego State University (SDSU). The College Area has many new stores and restaurants, as well as many canyons. There is tremendous demand for housing by students, families, and young professionals. The college area lies on a plateau which overlooks Interstate 8. The neighborhood's borders are defined by Fairmount Avenue/Montezuma Road/Collwood Boulevard to the Southwest, Interstate 8 to the North, 70th Street/Keeney Street to the East, and El Cajon Boulevard to the South. MTS (Metropolitan Transit System) operates the San Diego Trolley to SDSU Transit Center and the Alvarado Medical Center trolley station, both of which are in the College Area. The trolley station at SDSU and a bus plaza make up the SDSU Transit Center. Transfers are made from the SDSU trolley subway station located at the Transit Center, underneath the bus plaza. Riders can go up to the bus plaza via elevator or stairs. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | $1,828 | 800 - 900 |
| 1+1 | 4 | $1,549 | 500 - 600 |
PROPERTY TAXES
| Parcel Number | 472-070-25 | Improvements Assessment | $1,020,000 |
| Land Assessment | $1,530,000 | Total Assessment | $2,550,000 |
PROPERTY TAXES
