Rodessia Luxury Apartments 312 S 49th St 6 Unit Apartment Building $3,200,000 ($533,333/Unit) 4.72% Cap Rate San Diego, CA 92113
INVESTMENT HIGHLIGHTS
- Newly built 6-unit apartment in the heart of Lincoln Park, San Diego, close to freeways, shopping, dining, and entertainment.
- Ideal for both residents and investors in San Diego’s thriving rental market.
- Features high-end finishes, custom cabinetry, top-tier appliances, spacious layouts, in-unit laundry, and air conditioning.
EXECUTIVE SUMMARY
The Bove Group proudly presents a newly constructed 6-unit apartment building in the heart of Lincoln Park, San Diego.Each unit boasts modern luxury finishes, including brand-new custom cabinetry, high-end appliances, and elegant flooring. Spacious layouts provide a comfortable and inviting living experience, enhanced by in-unit laundry and modern air conditioning for ultimate convenience. Located just minutes from major freeways, shopping, dining, and entertainment, this prime Lincoln Park property offers an excellent opportunity for both residents and investors. With its contemporary design and ideal location, this 6-unit building is a standout asset in San Diego’s thriving rental market.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $3,200,000 |
| Price Per Unit | $533,333 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Gross Rent Multiplier | 14.34 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 8,276 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2023/2025 |
| Opportunity Zone |
Yes |
| Zoning | RM-2-5 |
AMENITIES
UNIT AMENITIES
- Microwave
- Ceiling Fans
- Double Vanities
- Stainless Steel Appliances
- Vinyl Flooring
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 1 | $3,200 | 1,100 |
| 2+2 | 1 | $2,940 | 1,100 |
| 3+2.5 | 4 | $3,114 | 1,519 |
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