2117 Front St | San Diego, CA 92101
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- LoopNet Team
2117 Front St
San Diego, CA 92101
Build-to-Rent Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- 2.91% ProForma CAP Rate / Offering actual CAP Rate of 2.30% / First time to the market in 20+ years
- Excellent unit mix of studios, 1 bedroom units, and a rooftop penthouse with unparalleled ocean views.
- There are several notable developments in the San Diego area, particularly near Bankers Hill, and some linked to SDSU (San Diego State University).
- This property may offer future development potential or the opportunity to add ADUs. Buyers are encouraged to perform their own due diligence.
- Brand new exterior paint completed 10/14/2024
- Redevelopment Potential / Multifamily Options / Opportunities to utilize San Diego’s density bonus program to build larger projects.
PROPERTY FACTS
| No. Units | 13 | Property Size | 6,952 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1929 |
| Costar Property Class | C | Parking Allocation | 0.86/1,000 sq ft |
| Total Plot Size | 0.11 ac | ||
| Use Class | MR10, San Diego | ||
| No. Units | 13 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.11 ac |
| Property Size | 6,952 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1929 |
| Parking Allocation | 0.86/1,000 sq ft |
| Use Class | MR10, San Diego |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Tile Floors
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 11 | £2,260 | 500 - 750 |
| 1+1 | 2 | £2,015 | 600 |
PROPERTY TAXES
| Parcel Number | 533-171-06 | Improvements Assessment | £551,048 |
| Land Assessment | £617,268 | Total Assessment | £1,168,316 |
PROPERTY TAXES
Parcel Number
533-171-06
Land Assessment
£617,268
Improvements Assessment
£551,048
Total Assessment
£1,168,316
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