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"The Carl" Newer Construction Near USD 5548 Riley St 8 Unit Apartment Building $4,995,000 ($624,375/Unit) 4.59% Cap Rate San Diego, CA 92110
INVESTMENT HIGHLIGHTS
- New Construction (2020)
- Excellent Unit Mix – 3 Bedroom & 2 Bedroom Units
- High Demand Rental Market
- Rare Prime West Mission Valley Multifamily Offering
- Spacious Floor Plans w/ In-Unit Washer/Dryer
- Adjacent to Mission Bay, SeaWorld, Univ. of San Diego
EXECUTIVE SUMMARY
Rare multifamily offering in Mission Valley West – adjacent to Mission Valley and only a few minutes’ walk to the University of San Diego. The Carl – Modern Living is a newly built (2020) luxury apartment complex with thoughtful contemporary Finishes and Modern design elements with incorporated technology.
This turnkey opportunity has a highly desirable unit mix, comprised of four (4) 3bdrm/2bthrm units, three (3) 2bdrm/1bthrm units and a spacious 3bdrm/2bthrm stand-alone house in the front. Tenants enjoy amenities such as, high ceilings, stainless steel appliances, in-unit washer and dryer, communal areas (including a roof deck), balconies, air-conditioning and kitchen islands, among many others.
This is a great opportunity for an investor seeking an absolute turnkey property in one of San Diego’s best and most convenient locations.
This turnkey opportunity has a highly desirable unit mix, comprised of four (4) 3bdrm/2bthrm units, three (3) 2bdrm/1bthrm units and a spacious 3bdrm/2bthrm stand-alone house in the front. Tenants enjoy amenities such as, high ceilings, stainless steel appliances, in-unit washer and dryer, communal areas (including a roof deck), balconies, air-conditioning and kitchen islands, among many others.
This is a great opportunity for an investor seeking an absolute turnkey property in one of San Diego’s best and most convenient locations.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Refrigerator
- Oven
- Deck
SITE AMENITIES
- Furnished Units Available
- Community-Wide WiFi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $3,132 | 703 |
| 3+2 | 5 | $3,632 | 1,032 - 1,230 |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 436-552-22 | Improvements Assessment | $1,225,943 (2025) |
| Land Assessment | $557,756 (2025) | Total Assessment | $1,783,699 (2025) |
PROPERTY TAXES
Parcel Number
436-552-22
Land Assessment
$557,756 (2025)
Improvements Assessment
$1,225,943 (2025)
Total Assessment
$1,783,699 (2025)
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"The Carl" Newer Construction Near USD | 5548 Riley St
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