ACRE Investment Real Estate, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Campus Village located at 5925 El Cajon Boulevard, a rental community that presents real estate investors the opportunity to buy a well located, potential value-added asset in San Diego, CA.
The property is conveniently located in the College Area in El Cajon Blvd, a historic commercial district that runs from North Park, through the College area, La Mesa and El Cajon. San Diego State University (SDSU), the third largest in the state, with 33,917 enrolled students, is located within one mile of the property. Convenient shopping,transportation and entertainment is within walking distance.
Campus Village is situated on approximately 54,014 square feet, consists of forty nine (49) apartment units and two (2) commercial spaces with a total of 48,950 rentable square feet. The property unit mix include four (4) two-bedroom/one-bath units, forty five (45) three-bedroom/two-bath units and two (2) leased commercial spaces. Built in 1990 the property provides an array of amenities including on site laundry facilities, pool, patios*, air conditioning, walk-in closets*, dishwashers, disposals, microwave, garage and off street parking.
A new owner will have the opportunity to renovate the unit interiors and refresh the exterior to achieve rent premiums and take advantage of the robust rental housing market and limited supply in one of the highest demand rental submarkets in San Diego County.
With immediate upside in rental income, and tremendous development growth in the area this offering is perfect for an investor seeking an investment with strong current and future cash flow potential.
