Log In/Sign Up
Your email has been sent.
Solita Cottages | 10 - 3BR Homes | Renovated 6752-6770 Solita Ave 10 Unit Apartment Building $5,615,000 ($561,500/Unit) 5.50% Cap Rate San Diego, CA 92115
Investment Highlights
- BIG PRICE DROP | 5.5% - 5.94% Caps
- Extensively Renovated
- San Diego - SDSU
- Great location near SDSU in upscale Rolando Village
- 10 freestanding renovated 3BR/2BA homes
- Garages and private patios/yards
Executive Summary
BIG PRICE DROP | San Diego - SDSU | 10 Renovated 3BR Homes | 5.5% - 5.94% Caps.
Over $900,000 on recent CapEX at the property. 10 - Detached 3BR/2BA Homes With Garages & Private Yards. 6752-6770 Solita Ave is an extremely unique residential rental offering in the City of San Diego, in the highly desirable and upscale enclave of Rolando Village, surrounded by a residential community of upscale homes. Just a little over a mile from the property is San Diego State University (SDSU), a bustling university with more than 37,000 students. The property consists of 10 single-family detached 3BR/2BA homes with attached garages and yards. Originally built in 1984, the property has been extensively renovated to a high level to attract elite tenants. More than $900,000 was spent to reposition the property with recent comprehensive renovations including (but not limited to) new upscale kitchens and baths, new flooring and paint throughout, all new A/C mini-splits, new fixtures, new in-unit washer/dryers, new individual hot water heaters, new roofs throughout, windows, new low maintenance and drought tolerant landscaping, and much more.
Contact listing agent for offering memorandum.
Over $900,000 on recent CapEX at the property. 10 - Detached 3BR/2BA Homes With Garages & Private Yards. 6752-6770 Solita Ave is an extremely unique residential rental offering in the City of San Diego, in the highly desirable and upscale enclave of Rolando Village, surrounded by a residential community of upscale homes. Just a little over a mile from the property is San Diego State University (SDSU), a bustling university with more than 37,000 students. The property consists of 10 single-family detached 3BR/2BA homes with attached garages and yards. Originally built in 1984, the property has been extensively renovated to a high level to attract elite tenants. More than $900,000 was spent to reposition the property with recent comprehensive renovations including (but not limited to) new upscale kitchens and baths, new flooring and paint throughout, all new A/C mini-splits, new fixtures, new in-unit washer/dryers, new individual hot water heaters, new roofs throughout, windows, new low maintenance and drought tolerant landscaping, and much more.
Contact listing agent for offering memorandum.
Property Facts
| Price | $5,615,000 | Apartment Style | Garden |
| Price Per Unit | $561,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 5.50% | Building Size | 9,900 SF |
| Gross Rent Multiplier | 12.62 | No. Stories | 1 |
| No. Units | 10 | Year Built/Renovated | 1984/2024 |
| Property Type | Multifamily | Parking Ratio | 1.62/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-1-1 | ||
| Price | $5,615,000 |
| Price Per Unit | $561,500 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 12.62 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 9,900 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2024 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | RM-1-1 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Fenced Lot
- Picnic Area
- Recycling
- Car Charging Station
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 10 | $3,600 | 950 |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 468-380-19 | Improvements Assessment | $1,337,122 |
| Land Assessment | $3,183,624 | Total Assessment | $4,520,746 |
Property Taxes
Parcel Number
468-380-19
Land Assessment
$3,183,624
Improvements Assessment
$1,337,122
Total Assessment
$4,520,746
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Solita Cottages | 10 - 3BR Homes | Renovated | 6752-6770 Solita Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.