The Charmer 1737 Chalmers St

Northmarq is pleased to present the exclusive opportunity to acquire The Charmer, an urban, mixed-use community located in the vibrant Mission Hills neighborhood just north of Downtown San Diego.
The Charmer is a one-of-a-kind asset consisting of 19 luxury apartment homes, two live-work lofts, and three commercial units developed by one of San Diego's most renowned architects, Jonathan Segal.
Built in 2011, The Charmer consists of state-of-the-art construction and features top-of-the-line interiors and amenity spaces that go well beyond the ordinary. The Charmer features unique, loft-style floor plans with an abundance of outdoor space with private patios and gardens.
The quality of life at The Charmer is unsurpassed, as Mission Hills is a thriving neighborhood known for its superior walkability and proximity to Downtown San Diego, Balboa Park, numerous dining and retail amenities, popular restaurants, beautiful golf courses, beaches, San Diego Bay, as well as easy access to Interstate 5, linking the property to all of San Diego County and Southern California.
Investment Highlights:
Unique Architecture: The Charmer was designed and built by Jonathan Segal, a well renowned local architect-developer. The Charmer won the highly coveted “Residential / Architect Project of the Year Award” in 2012 and continues to be a harbinger for “architecture that creates community.”
Favorable Unit Mix: The Charmer consists of unique and spacious floor plans including, open one, two, and three bedroom lofts with floor-to-ceiling glass, expansive gardens, and patios with direct access to the street. The private exterior spaces compliment vaulted ceilings and abundant natural light. Interiors are appointed with hardwood and concrete floors, fully equipped kitchens with high-end appliances, central heat and air conditioning, and in-unit washers and dryers.
Prime Walkable Location: The Charmer is located in the Mission Hills neighborhood of San Diego, just north of Downtown and adjacent to the beautiful Balboa Park. Mission Hills is an upscale, affluent neighborhood regarded as one of San Diego’s most desirable places to live. According to walkscore.com, The Charmer has a walk score of 74 out of 100, making it a “Very Walkable” location, where most errands can be accomplished on foot. Additionally, The Charmer is adjacent to some of San Diego’s finest dining establishments including Blue Water Seafood Market & Grill, The Regal Beagle, Saffron, Wine Vault, and El Indio’s, to name a few.
Attractive Tenant Base: The Charmer redefines what it means to own a high quality building with high quality tenants. Benefiting from the attractive, highly-visible location, The Charmer offers serenity in an otherwise bustling, urban location. The result of this rare dynamic has been insatiable demand for units and little turnover, causing rents to fall well below the average, in a market that has seen record rental growth during the past twenty-four months.