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Trolley Lofts 635-641 C St 39 Unit Apartment Building $11,750,000 ($301,282/Unit) 6.42% Cap Rate San Diego, CA 92101
Investment Highlights
- Centrally located in Downtown - Core is the epicenter for financial and government operations
- All leases are below market, providing significant repositioning potential
- Rare on-site parking with 45 underground spaces
- Fantastic corner building on 7th & C - located on the San Diego Trolley line with over 30M annual passengers
- Historic high occupancy - vacancies fill quickly
- 27 of the 36 residential units are subject to an income restriction of up to 120% of median income on household size
Executive Summary
Trolley Lofts presents a rare investment and repositioning opportunity in the heart of Downtown San Diego’s Core neighborhood. This high-visibility corner property at 7th & C sits directly along the San Diego Trolley line, which serves over 30 million annual passengers. With all current leases below market, the asset offers significant value-add potential, supported by historically high occupancy and strong demand. The property also features the rare benefit of 45 underground parking spaces and includes a mix of residential units, 27 of which are income-restricted.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Hardwood Floors
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Recycling
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 39 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 534-186-12 | Improvements Assessment | $4,978,733 |
| Land Assessment | $2,105,555 | Total Assessment | $7,084,288 |
Property Taxes
Parcel Number
534-186-12
Land Assessment
$2,105,555
Improvements Assessment
$4,978,733
Total Assessment
$7,084,288
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Trolley Lofts | 635-641 C St
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