VIVO Little Italy 1929 Columbia 18 Unit Apartment Building $19,864,381 CAD ($1,103,577 CAD/Unit) 4% Cap Rate San Diego, CA 92101
EXECUTIVE SUMMARY
Multifamily property portfolio consisting of 17 units plus 2 penthouse units, priced at $13.95M ($775K per unit). Offering 13,984 habitable square feet, the asset generates a 4.0% cap rate, making it an attractive investment opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 | $19,864,381 CAD |
| Price Per Unit | $1,103,577 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 17.2 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 13,984 SF |
| Average Occupancy | 100% |
| No. Stories | 7 |
| Year Built | 2017 |
| Parking Ratio | 0.64/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Views
- Patio
SITE AMENITIES
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 337 |
| 1+1 | 12 | - | 617 - 762 |
| 2+1 | 4 | - | 856 - 1,196 |
1 of 1
Walk Score®
Walker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 533-582-06 | Total Assessment | $10,147,325 CAD (2024) |
| Land Assessment | $1,555,960 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $8,591,365 CAD (2024) | Tax Year | 2023 |
ZONING
| Zoning Code | C (Commercial) |
