Elan Sandrock Place | 3443 Sandrock Rd
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Elan Sandrock Place 3443 Sandrock Rd
28 Unit Apartment Building $12,798,240 CAD ($457,080 CAD/Unit) 4.37% Cap Rate San Diego, CA 92123
Investment Highlights
- Well maintained value-add asset with rental upside
- ADU Conversion Potential
- Excellent central San Diego location minutes from major employment centers
- Comprised entirely of spacious one-bedroom units
- Abundant off-street parking for tenants
Executive Summary
We are pleased to present Elan Sandrock, a 28-unit community in the Serra Mesa Neighborhood of San Diego, California. The property’s unit-mix is comprised of twenty-eight (28) one-bedroom / one-bathroom units, ranging from 500 to 600 square feet.
Serra Mesa is a community located in San Diego, California, nestled between the neighborhoods of Kearny Mesa and Mission Valley. It features a mix of residential, commercial, and recreational spaces. The area is known for its family-friendly atmosphere, with parks like the popular Serra Mesa Community Park offering sports facilities and playgrounds. Serra Mesa is also home to several schools and is conveniently situated near major highways, making it easily accessible to downtown San Diego and nearby attractions.
The desirable hills of Serra Mesa are currently undergoing significant gentrification as new developments are seen from most streets. The property provides direct access to University of San Diego (5.1 miles away), Mission Valley, University Town Center, and Downtown San Diego (a Tier-1 employment center). At the base of Serra Mesa, the city of San Diego has developed the Morena Corridor Specific Plan, with the goal of improving traffic circulation, pedestrian and bicycle route upgrades, providing additional restaurant and commercial services with the extension of the trolley line. The property presents a rare opportunity for an investor to purchase a multifamily asset in one of the most highly sought-after submarkets in San Diego County.
Please note the year built is unknown, 1975 is an estimate.
Serra Mesa is a community located in San Diego, California, nestled between the neighborhoods of Kearny Mesa and Mission Valley. It features a mix of residential, commercial, and recreational spaces. The area is known for its family-friendly atmosphere, with parks like the popular Serra Mesa Community Park offering sports facilities and playgrounds. Serra Mesa is also home to several schools and is conveniently situated near major highways, making it easily accessible to downtown San Diego and nearby attractions.
The desirable hills of Serra Mesa are currently undergoing significant gentrification as new developments are seen from most streets. The property provides direct access to University of San Diego (5.1 miles away), Mission Valley, University Town Center, and Downtown San Diego (a Tier-1 employment center). At the base of Serra Mesa, the city of San Diego has developed the Morena Corridor Specific Plan, with the goal of improving traffic circulation, pedestrian and bicycle route upgrades, providing additional restaurant and commercial services with the extension of the trolley line. The property presents a rare opportunity for an investor to purchase a multifamily asset in one of the most highly sought-after submarkets in San Diego County.
Please note the year built is unknown, 1975 is an estimate.
Property Facts
Price | $12,798,240 CAD | Apartment Style | Low Rise |
Price Per Unit | $457,080 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.46 AC |
Cap Rate | 4.37% | Building Size | 16,660 SF |
No. Units | 28 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1975 |
Price | $12,798,240 CAD |
Price Per Unit | $457,080 CAD |
Sale Type | Investment |
Cap Rate | 4.37% |
No. Units | 28 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.46 AC |
Building Size | 16,660 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1975 |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 28 | - | 500 - 600 |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
Parcel Number | 421-204-03 | Improvements Assessment | $5,609,156 CAD |
Land Assessment | $1,619,269 CAD | Total Assessment | $7,228,424 CAD |
PROPERTY TAXES
Parcel Number
421-204-03
Land Assessment
$1,619,269 CAD
Improvements Assessment
$5,609,156 CAD
Total Assessment
$7,228,424 CAD
zoning
Zoning Code | C |
C |
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Elan Sandrock Place | 3443 Sandrock Rd
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