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$ 17,500,000
Est. payment | /mo
1.12 Acres Lot
$ 17,500,000
Est. payment | /mo
1.12 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250018400
Lot Size 1.123 Acres
Property Description
The Pacific Pines Apartment Portfolio in the Talmadge area of San Diego includes three adjacent parcels with a total of 57 units. The combined unit mix consists of one-, two-, and three-bedroom floorplans. Built between 1957-1986, the properties have a total combined land area of 48,899 square feet. Pacific Pines presents a new owner the opportunity to immediately acquire scale in the submarket whereby many of the properties tend to be on average 10-20 units in size. Furthermore, a new owner could capture rental increases of approximately $612 per unit, on average, through a comprehensive renovation/value-add program.
Location
State CA
County San Diego
Area San Diego (92115)
Building
Story 3
Lot Size Range .75 through 1.5 Acres
Others
Space Rent $1,457,975
Listed by Allen S Chitayat • CBRE
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