Rarely available RENOVATED 17 UNIT Apartment COMPLEX Situated IN THE HEART OF San Diego's Pacific Beach~ EACH UNIT IS A STUDIO APARTMENT LIVING~WELL MANICURED COURTYARD~9 OFF STREET PARKING + ONE SINGLE GARAGE~COMMUNITY LAUNDRY FACILITY~ What makes this investment property unique of its kind is that it is being leased out to a SINGLE tenant that runs a Rehabilitation Facility as its residential unit for its clients paying a NNN lease with 3% increase in rent each year, currently signed till April, 2023, with one more option to extend till 2026. Cap rate of 6.00% in this area is extremely rare.
|--||New Value: $6,888,888|
|2/20/2020 2:17:55 PM||New Value: $6,888,888|
|1/26/2020 7:46:56 PM||New Value: $7,599,000|
|10/14/2019 4:51:00 PM||New Value: $7,995,000|