7240 El Cajon Blvd
San Diego, CA 92115
The Solstice · Multifamily Property For Sale · 28 Units

The Roman Villas Apartments is a 28 unit apartment complex that consists of 20,822 rentable square feet built in 1972 situated on a 14,043 square foot lot with approximately 16 parking spaces. The unit mix consists of (24) 2 Bedroom / 1 Bath units, (2) 1 Bedroom / 1 Bath units and (2) studios as well as onsite laundry facilities with 3 washers and 4 dryers. Select 2 Bedroom units have in-unit stackable washers and dryers. There is a secure courtyard with a picnic table at the center of the property and a unique foyer behind the private entry to the property. Ownership has made significant exterior, interior and systems upgrades. The property has new windows, bathrooms and kitchens have been completely rebuilt, and there is laminate flooring throughout the units. The units feature new appliances, dishwashers, A/C units, and built in microwaves as well as new window coverings. The property has spacious floor plans and offers an investor additional upside in rents in the burgeoning Rolando Village Neighborhood near the College East District. ASSUMABLE FINANCING. CALL AGENT FOR DETAILS. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. The property is located just East of where Montezuma Road and El Cajon Blvd meet in the College East District right by the Rolando Village Neighborhood. Rolando is a fully developed suburban community with homes, churches, businesses, parks, and schools. Rolando is a model suburb of San Diego. The exclusive suburban design of the Rolando Village area with its curved streets allows for the retention of its majority older single-family homes and is not an area inundated with apartment buildings. The area is just West of La Mesa and East of San Diego State University. Rolando has seen significant rent growth and an improvement in the tenant-base with college students, young professionals, and families residing there.