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$ 4,100,000
$ 4,600,000 10.9%
Est. payment | /mo
$ 4,100,000
$ 4,600,000 10.9%
Est. payment | /mo
Key Details
Sold Price $4,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240021861
Sold Date 11/21/24
Property Description
We are pleased to present 6219 & 6225 Stanley Avenue, a multifamily complex located in San Diego, California. The property is comprised of sixteen (16) spacious two-bedroom/one-bathroom units, ranging between 712 and 724 square feet, totaling approximately 11,488 rentable square feet (SF). The property is strategically located in Rolando Village, one of San Diego’s most desirable mid-city urban neighborhoods. Residents enjoy quiet winding streets, a small business district, and a strong sense of community with walkable access to local eateries, entertainment, and storefront retail. San Diego State University, Mission Valley, and Downtown San Diego are just a few minutes away, and residents can reach the beach within 20-25 minutes. The College Area Business District primarily serves the neighborhoods surrounding San Diego State University (SDSU). SDSU is only a 6-minute drive away from Stanley Avenue, boasting a student body of over 34,000 students, generating $2.4 billion annually for the San Diego economy. This means that Rolando residents essentially have all the advantages of living in the eighth-largest city in the US, with major employment centers, entertainment, and recreation nearby, without needing to deal with the crowds or other challenges that sometimes accompany more densely populated urban and coastal communities. This property presents a unique opportunity for an investor to purchase an asset in Rolando Village, one of the strongest submarkets at the forefront of rental growth in San Diego.
Location
State CA
County San Diego
Area San Diego (92115)
Building
Story 2
Others
Space Rent $371,040
Financing Cash to New Loan
Listed by Austin Huffman • Marcus & Millichap
Bought with Austin Huffman • Marcus & Millichap
Bought with Austin Huffman • Marcus & Millichap
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