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7025 Boulevard Dr, La Mesa
$5,295,000
3 Beds ⋅ 6 Baths ⋅ PTP2604512 MLS ⋅ ACTIVE Status
$250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location pr $250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location profile. The Property's Class B location provides the ideal balance between acquisition basis, tenant quality, and long-term rental demand, producing notably stronger returns than higher-priced Coastal San Diego submarkets and significantly less operational challenges associated with Class C location assets and tenants.

7025 Boulevard Dr, La Mesa

6815 Caminito Mundo, Unit 23, San Diego
$725,000
2 Beds ⋅ 3 Baths ⋅ 250027498 MLS ⋅ ACTIVE Status ⋅ The Woodlands BLDG.
Welcome to The Woodlands! This lovely 2 bedroom/2 & 1/2 Bath TownHome is in a very popular, established complex in the exclusive Del Cerro area ...With a large new Religious center being built within walking distance this complex & unit is perhaps going to become even more popular. The complex features Multiple Pools, Tennis Courts, beautiful Grounds with fountains and grass! Comunity Room as well...Nearby Mission Trails Park offers wonderful hiking & biking trails. Perfect for an active single or family! This fabulous Unit upgrades includes a Brand New AC unit, & recently purchased stove/oven, dishwasher & refrigeratior! Plus, a fully upgraded electrical panel box! The fabulous townhome is located in an excellent location within the complex. Near pools , tennis courts and jacuzzi. Easy parking in nearby private garage.--2 parking spots. This amazing complex is located in the exclusive Del Cerro area with the San Carlos library, an easy quick one block walk away & SDSU a quick 5-10 minute drive away! Don't miss out on this fabulous townhome! Welcome to The Woodlands! This lovely 2 bedroom/2 & 1/2 Bath TownHome is in a very popular, established complex in the exclusive Del Cerro area ...With a large new Religious center being built within walking distance this complex & unit is perhaps going to become even more popular. The complex features Multiple Pools, Tennis Courts, beautiful Grounds with fountains and grass! Comunity Room as well...Nearby Mission Trails Park offers wonderful hiking & biking trails. Perfect for an active single or family! This fabulous Unit upgrades includes a Brand New AC unit, & recently purchased stove/oven, dishwasher & refrigeratior! Plus, a fully upgraded electrical panel box! The fabulous townhome is located in an excellent location within the complex. Near pools , tennis courts and jacuzzi. Easy parking in nearby private garage.--2 parking spots. This amazing complex is located in the exclusive Del Cerro area with the San Carlos library, an easy quick one block walk away & SDSU a quick 5-10 minute drive away! Don't miss out on this fabulous townhome!

6815 Caminito Mundo, Unit 23, San Diego

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Allied Gardens Homes for Sale in San Diego, CA

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FAQs

Where is Allied Gardens in San Diego? - Allied Gardens is a residential neighborhood in eastern San Diego’s Navajo community. It borders Del Cerro, San Carlos, the College Area, and Grantville.

What ZIP code is Allied Gardens? - Allied Gardens is associated with San Diego, CA 92120. The neighborhood shares the 92120 ZIP code with nearby areas, including Del Cerro.

What is near Allied Gardens? - Allied Gardens is near Del Cerro, San Carlos, Grantville, the College Area, and Mission Trails Regional Park, with convenient access to other parts of San Diego.

How can I find homes for sale in Allied Gardens? - Browse current Allied Gardens homes for sale on this page or contact us to set up a custom home search based on your price range and preferences.

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