$7,100,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 170059521

Description

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 floorplans and offers an investor additional upside in rents in the burgeoning Rolando Village Neighborhood.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1972
Number of Buildings:
1
Number of Stories:
3

Location

County:
San Diego

Additional Details

Number of Units:
28
Number of Leased Apartments:
28
Number of Stories:
3
Total Monthly Rent:
$42,148
Price Per Unit:
$253,571
Down Payment:
$2,500,000
Gross Equity:
$4,000,000
SqFt of Improvement:
20,822
Lot Square Footage:
14,043
Assessors Parcel #:
469-091-22-00

Unit Details

Unit 1
Number of Units:
4
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,585
Unit Rental Total:
$9,510
Unit 2
Number of Units:
18
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,525
Unit Rental Total:
$27,450
Unit 3
Number of Units:
2
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,295
Unit Rental Total:
$2,590
Unit 4
Number of Units:
2
Number of Baths:
1
Rent:
$1,125
Unit Rental Total:
$2,250

Listing provided by

South Coast Commercial, Inc.
Select a Point of Interest and Radius from the form above.
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East County

The eastern part of San Diego County is a mix of urban and rural communities and a diverse wilderness of mountains, lakes and canyons that provide for endless outdoor activities. Both the 600,000-acre Anza-Borrego Desert State Park and Cleveland National Park are nestled in the region, as well as El Capitan Reservoir, Lake Murray, Mission Trails Regional Park and Cowles Mountain. Several Nativ... Read More

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877.515.7443

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Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.