This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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.

Property Facts

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
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33936301

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 3443 Sandrock Rd, San Diego, CA 92123

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}